Ethereum

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Bitcoin

April

<img src="https://cdn.thebittimes.com/images/2024/05/12/1715523398.webp" alt=""> 
With Bitcoin (BTC) surging to $61k and Ethereum (ETH) showing signs of a downtrend slowdown, the cryptocurrency market is buzzing with activity. Amidst this dynamic landscape, <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-12052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a> emerges as a beacon of excitement and innovation with its revolutionary $20,000 contest. As BTC and ETH capture headlines, FURR's community-driven initiative ignites fresh enthusiasm, reshaping perceptions of what's possible in the crypto sphere.
Bitcoin (BTC) Reaches $61k
The leading cryptocurrency Bitcoin (BTC), with a market value of $1.204 trillion, continues its descent from $72,800. Despite the diminishing selling pressure, Bitcoin (BTC) has failed to close daily above averages. Bitcoin (BTC) started the day with a slight positive momentum and is currently trading above $61k at $61,175.
<img src="https://lh7-us.googleusercontent.com/wTuJ4efbrCbSDgWF83BoH2S2O7N0oe15mKgdcF_WP64iVCmHj7tfH2FZp_h8XxppJetMd_EwBUr6KiRJQ173YtYK1quVZ0y9YI3xCPulyr8yct-CLk50OVMXzELOGbF-k-WbFIxOZZWQBiV2aHubhw" width="604" height="303" style="display: block; margin-left: auto; margin-right: auto;">
Bitcoin (BTC) Chart Analysis
Starting from $72,800, Bitcoin (BTC) faced selling pressure last week, dropping to $56,552. After a recovery following the FED interest rate decision, Bitcoin (BTC) encountered selling pressure again as it couldn't close daily above averages and is currently trading at $61,175. Upon analyzing the daily chart, we see that Bitcoin (BTC) retraced towards EMA100 support after being rejected from EMA55 and found support at EMA100. As long as it remains above EMA100 and the descending trend, there seem to be no issues for Bitcoin (BTC). Short-term resistance levels for Bitcoin (BTC) in its upward movement are $61,433, $62,670, and $63,216, respectively corresponding to EMA5, EMA21, and EMA55. In case the selling pressure persists, the support levels for Bitcoin (BTC) are $60,311 and the $60k levels, respectively corresponding to EMA100.
Slowing Down of the Downtrend in Ethereum (ETH)
The second-largest cryptocurrency Ethereum (ETH) with a market value of $352.61 billion reached above $4k in March but started declining afterward, with the selling pressure still ongoing. Ethereum (ETH) struggles to rise above averages, and although the downtrend is slowing down, Ethereum (ETH) is currently trading at $2,936.5 with a 0.84% increase.
<img src="https://lh7-us.googleusercontent.com/ljmNwd-9MwNok4B-cjGnX-NGD3421sT-KjDB0vUVDN3Z1ja7jxtrIsBhCCRhDEUrSZZzqkKFlEHlZ9GTQV1eJspKN4Zx_1IMnDt70eJdVh7xp_jkN6fLIXhGX4Sa5CKFdSExrL5V04cUbdSYhouN8A" width="604" height="303" style="display: block; margin-left: auto; margin-right: auto;">
Ethereum (ETH) Chart Analysis
After testing $4k in March, Ethereum (ETH) has continued its downward movement within the downtrend. Despite attempting to rise, Ethereum (ETH) failed to surpass the $2,858.2 support three times in April and May, with the selling pressure persisting. Upon examining the daily chart of Ethereum (ETH), we notice that Ethereum (ETH) retraced towards the $2,858.2 support, and for the past two days, the selling pressure has slowed down. In case the selling pressure continues, the support levels for Ethereum (ETH) are $2,858.2 and $2,790.3, respectively corresponding to the EMA200. The first resistance levels for Ethereum (ETH) in its upward movement are $2,955.8, $3,063.5, $3,080.6, and $3,160.0, respectively corresponding to EMA5, EMA21, EMA100, and EMA55.
The investment information, comments, and recommendations provided here are not within the scope of investment consultancy. Investment consultancy services are provided individually, considering individuals' risk and return preferences. The content, comments, and recommendations provided here, which are in no way directive, are of a general nature. These recommendations may not be suitable for your financial situation and risk-return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results aligned with your expectations.
Revolutionizing the Crypto Sphere: Furrever Token (FURR)'s $20,000 Contest Sparks Enthusiasm
Furrever Token (FURR) is making waves in the cryptocurrency realm with its groundbreaking $20,000 contest, drawing attention and outshining its competitors. FURR, a token driven by community support and dedicated to animal welfare, has gained momentum by introducing an inventive method to encourage interaction and engagement.
During its presale phase, Furrever Token garnered significant interest from investors eager to support its cause. The presale saw enthusiastic participation, reflecting growing confidence in the project's outlook. Offering returns of up to 15X, Furrever Token swiftly amassed over $1.130 million in just two months. This rapid influx of investment underscores investors' belief in the project's mission and its potential for substantial returns.
Presently, FURR maintains a stable price of $0.000648, demonstrating resilience amidst market fluctuations. Its official website, furrevertoken.com, serves as a central platform for community interaction, offering updates, resources, and avenues for involvement.
The $20,000 contest introduced by Furrever Token has captured the interest of both seasoned traders and newcomers alike. Spanning from (09/05/24 17:00 UTC +0) to (27/05/24 12:00 UTC +0), participants vie for enticing rewards by accumulating the highest total purchase volume of FURR tokens over an 18-day period. To emerge victorious, participants must rank among the top 10 buyers based on their total purchase volume during the contest period. With a total prize pool of $20,000 distributed among the winners, the contest aims to foster engagement and excitement within the community.
As Furrever Token continues to innovate and engage its community, it distinguishes itself as a promising venture poised to make a meaningful impact in the cryptocurrency landscape. Join Furrever Token Presale Now: <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-12052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token Official Website</a>&nbsp; <a href="https://buy.furrevertoken.com/?ref_url=tbt-btcethfurr-b-12052024" target="_blank" rel="noopener noreferrer nofollow">Join $20,000 Furrever Token Giveaway </a><a href="https://t.me/FurreverToken" target="_blank" rel="noopener noreferrer nofollow">Join Official Telegram Group</a> &nbsp; &nbsp; &nbsp; <a href="https://twitter.com/FurreverToken" target="_blank" rel="noopener noreferrer nofollow">Follow Official X Account</a>
Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-btc-hits-61k-while-ethereum-eth-s-downtrend-slows-furrever-token-furr-s-20-000-contest-ignites-crypto-enthusiasm-tbt88129.html">https://thebittimes.com/bitcoin-btc-hits-61k-while-ethereum-eth-s-downtrend-slows-furrever-token-furr-s-20-000-contest-ignites-crypto-enthusiasm-tbt88129.html</a>

Bitcoin (BTC) Hits $61k While Ethereum (ETH)'s Downtrend Slows: Furrever Token (FURR)'s $20,000 Contest Ignites Crypto Enthusiasm

TheBitTimes

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