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As Bitcoin (BTC) grapples with maintaining its position above the $61k mark and Ethereum (ETH) eyes a significant milestone at $2,858, the crypto sphere finds itself amidst a flurry of activity. However, amidst the hustle and bustle of the market, there's a whimsical energy emanating from <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-13052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token (FURR)</a>, whose $20,000 contest has ignited fervor and excitement within the community. While the giants of the crypto world wage their battles, FURR's playful approach and enticing rewards serve as a refreshing reminder of the lighter side of digital assets, captivating enthusiasts and sparking newfound enthusiasm across the landscape.
Bitcoin (BTC) Struggles to Stay Above $61k
The leading cryptocurrency Bitcoin (BTC), with a market value of $1.211 trillion, continues its decline from $72,800. While the selling pressure on Bitcoin (BTC) has diminished, it persists without achieving daily closures above the averages. Starting the new week with slight selling pressure, Bitcoin (BTC) is currently trading above $61k at $61,399.
<img src="https://lh7-us.googleusercontent.com/5lK2-JcuMq807n5f0ahH-EP5_65OYShZoAao18li7Mn2N6sFjmIc2sldydRmaV-XRcP1SonXeQp1TaU4sDYcpY4l9ltoTjX54Khgu0NEK1ucOby_4FAv_xJkdFgeYTRHUDbMiPEV2ylqQy5VZ6Y2rA" width="604" height="303" style="display: block; margin-left: auto; margin-right: auto;">
Bitcoin (BTC) Chart Analysis
Following the selling pressure starting from $72,800, Bitcoin (BTC) retreated to $56,552, then attempted to recover with the FED interest rate decision. However, failing to close daily above the averages, Bitcoin (BTC) faced renewed selling pressure and is currently trading at $61,399. Upon examining the daily chart, we observe that Bitcoin (BTC) fell back towards EMA100 support after failing to stay above EMA55 and found support there. As long as it remains above EMA100 and the descending trendline, there seem to be no issues for Bitcoin (BTC). The short-term resistance levels in Bitcoin (BTC)'s upward movement are $61,490, $62,680, and $63,161, respectively, which are EMA5, EMA21, and EMA55. In case selling pressure continues, the support levels for Bitcoin (BTC) are $60,338, $60k, and EMA200 at $53,087.
Watch Out for $2,858 in Ethereum (ETH)
Ethereum (ETH), the second-largest cryptocurrency with a market value of $349.80 billion, rose above $4k in March but has since been on a downtrend, with selling pressure persisting. Ethereum (ETH) struggles to rise above the averages, and although the downtrend has slowed, it continues, with Ethereum (ETH) trading at $2,909.2, down 0.64% on the first day of the new week.
<img src="https://lh7-us.googleusercontent.com/HQ2Chmisfo5RVTYWI_2pfcxRO82asWk4duRhGf7zpcewng_XtDN2kpHuHlS2zOML5VuqMlMV3nlFHb6tXAEkSkoj8I6OoGq-9XwaleXRL3q96kX-Q4jMs2TCGD_TeYTLHfRt92KL8XhcNSwG-4gkgg" width="605" height="325" style="display: block; margin-left: auto; margin-right: auto;">
Ethereum (ETH) Chart Analysis
After testing $4k in March, Ethereum (ETH) has been continuing its downward movement within a downtrend. Testing the $2,858.2 support three times in April and May, Ethereum (ETH) has been unsuccessful in its attempts to rise, with selling pressure persisting. Examining Ethereum (ETH)'s daily chart, we observe that Ethereum (ETH) has been retracing towards the $2,858.2 support and that selling pressure has slowed for three days. In case selling pressure continues, the support levels for Ethereum (ETH) are $2,858.2 and EMA200 at $2,791.4. As for Ethereum (ETH)'s upward movement, the first resistance levels are EMA5, EMA21, EMA100, and EMA55 at $2,938.4, $3,048.8, $3,077.0, and $3,150.8, respectively.
The investment information, comments, and suggestions provided here are not within the scope of investment consultancy. Investment consultancy services are provided individually, taking into account individuals' risk and return preferences. The content, comments, and suggestions provided here, which are in no way directive, are of a general nature. These suggestions may not be suitable for your financial situation and risk and return preferences. Therefore, making investment decisions solely based on the information provided here may not yield results in line with your expectations.
Embracing Whimsy: Furrever Token (FURR)'s $20,000 Contest Sparks Crypto Enthusiasm!
Furrever Token emerges as a whimsical addition to the crypto realm, injecting a playful spirit into the landscape. With its focus on adorable feline imagery, Furrever Token distinguishes itself from the more serious blockchain projects. Priced at $0.000648, Furrever Token not only offers a unique investment opportunity but also provides users with a delightful experience centered around cute cat visuals.
Its user-friendly platform incorporates charming cat-themed stickers, emojis, and graphics, creating a welcoming community united by their love for the lighter side of crypto. Operating on the BNB-20 blockchain under the symbol FURR, the token boasts a total supply of approximately 9 billion tokens. During the presale phase, 65% of tokens are available, with 25% allocated for DEXs and 10% reserved for the team, locked for a year to ensure project sustainability.
One of Furrever Token's most exciting announcements is the launch of a thrilling contest, offering participants the chance to win a share of $20,000 worth of FURR tokens. Spanning 18 days, from now until May 27, 2024, the competition rewards the top 10 purchasers based on their cumulative acquisitions during the specified period. Prizes range from $5,000 for the first-place winner to $1,000 for those in the 5th to 10th positions. This contest aims to energize the Furrever Token community, encouraging engagement and enthusiasm among members while providing an opportunity for participants to earn significant rewards. Join Furrever Token Presale Now: <a href="https://furrevertoken.com/?ref_url=tbt-btcethfurr-b-13052024" target="_blank" rel="noopener noreferrer nofollow">Furrever Token Official Website</a>&nbsp; <a href="https://buy.furrevertoken.com/?ref_url=tbt-btcethfurr-b-13052024" 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-battles-at-61k-ethereum-eth-eyes-2-858-furrever-token-furr-s-20-000-contest-sparks-enthusiasm-tbt88238.html">https://thebittimes.com/bitcoin-btc-battles-at-61k-ethereum-eth-eyes-2-858-furrever-token-furr-s-20-000-contest-sparks-enthusiasm-tbt88238.html</a>

Bitcoin (BTC) Battles at $61k, Ethereum (ETH) Eyes $2,858, Furrever Token (FURR)'s $20,000 Contest Sparks Enthusiasm

TheBitTimes

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