As Bitcoin (BTC) plunges to $65k, causing a staggering $930 million liquidation in the crypto market, investors are left questioning the fate of Ethereum (ETH)’s bull run. Amidst these uncertainties, Furrever Token (FURR) emerges as a beacon of hope amidst the prevailing cryptocurrency volatility.
Bitcoin (BTC) Drops to $65k, $930 Million Liquidated in Crypto Market
Bitcoin (BTC), which tested $72k earlier this week, retreated to $65k amidst war concerns following yesterday’s news flow. Starting the day positively, Bitcoin (BTC) dropped from $71k to $65k within seven hours, leading to a $930 million liquidation in the crypto market for both Bitcoin (BTC) and altcoins. Starting relatively positively today, Bitcoin (BTC) is currently trading at $67,629, up by 0.77%.
Starting the day with an uptrend, Bitcoin (BTC) suddenly reversed its direction to the downside in the evening hours amid war news, dropping from $71k to $65k within a few hours. Following this sharp move, many altcoins also experienced significant losses, with declines of over 20% and more. As a result of these losses, over $865 million evaporated within a single day. Upon examining the chart, we observe that Bitcoin (BTC) has once again fallen below EMA5 and EMA21, with EMA5 approaching a downward cross with EMA21. It should be noted that if EMA5 crosses below EMA21, selling pressure could continue to increase. If the price of Bitcoin (BTC) rises above the EMA5 level of $68,524 again, it may gain momentum for an upward move. In case selling pressure persists, the first support levels would be around $64,212 (EMA55) and $60k.
Is Ethereum (ETH) Bull Run Coming to an End? Here is the answer.
Following yesterday’s sharp drop, Ethereum (ETH), the second-largest cryptocurrency with a market capitalization of $392 billion behind Bitcoin (BTC), experienced a $40 billion decrease in a single day. Struggling above $3,500 as we mentioned in our previous article, Ethereum (ETH) closed the day at $3,240.2, down by 7.50%. Showing a more positive outlook today, Ethereum (ETH) is currently trading at $3,294.4, up by 1.67%.
Ethereum (ETH) Chart Analysis
One of the coins affected by the sharp drop in the crypto world was Ethereum (ETH). Falling by 7.50% yesterday, Ethereum (ETH) wiped out $40 billion from its market value. Showing a more positive outlook today, Ethereum (ETH) is currently finding buyers at $3,294.4, up by 1.67%. When examining its chart to determine whether the bull run for Ethereum (ETH) is ending, we still see Ethereum (ETH) struggling to stay above the $3,205 support level, indicating there is still hope for the bull run. The $3,205 level remains crucial for Ethereum (ETH), as seen from its touch on the EMA100 yesterday.
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Furrever Token (FURR): A Beacon of Hope Amidst Cryptocurrency Volatility
Amidst the recent market turbulence affecting leading cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), investors are actively seeking avenues to navigate the unpredictable terrain and potentially recover losses. In this landscape, Furrever Token (FURR) emerges as a promising alternative, offering hope to ETH and BTC investors.
While Bitcoin and Ethereum face significant downturns, with BTC down nearly 5% and ETH experiencing a nearly 7.50% decline since yesterday, Furrever Token (FURR) presents itself as a refreshing opportunity. Priced at $0.00048, Furrever Token (FURR) holds the promise of substantial returns, with potential gains of up to 15X, providing investors with the chance to multiply their investments manifold.
However, Furrever Token (FURR) is more than just an investment vehicle. It offers a delightful and charming experience for users, centered around adorable cat imagery, aiming to create a whimsical and heartwarming crypto ecosystem. This unique approach provides investors with an enjoyable experience amidst the market’s volatility.
The tokenomics of Furrever Token (FURR) are structured to appeal to investors seeking to recover losses. With a total supply of around 9 billion tokens and a significant portion available during the presale, Furrever Token (FURR) provides ample opportunities for early investors to participate and potentially benefit from its growth. Moreover, the absence of buy and sell taxes when trading Furrever Token (FURR) adds to its attractiveness, offering a seamless and cost-effective investment option.The current fundraising status of Furrever Token (FURR) speaks volumes, with over $775,000 already raised and the presale nearing its end. This underscores the growing interest and confidence in the project. As investors flock to Furrever Token (FURR) in search of high returns, the vibrant community and engaging platform fostered by the token further enhance its appeal.
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