Bitcoin bears tighten their grip on BTC now that $40K is the new resistance level

Bitcoin (BTC) remains below $40,000 for the third consecutive day and the most likely source of the volatility is the worsening condition of traditional markets. For instance, the S&P 500 is down 5% since April 20 WTI crude price dropped 9.5% in seven days, erasing all of the gains accrued since March 1. Meanwhile, China has been struggling to contain its worst outbreak of Covid-19 despite strict lockdowns in Shanghai and according to Timothy Moe, chief Asia-Pacific equity strategist at Goldman Sachs, “it’s no surprise, and it makes all sorts…

600-Day MA Starts To Break Down

Charts show the Bitcoin price seems to be falling below the 600-day moving average, a sign that could be bearish for the crypto. Bitcoin Begins To Lose 600-Day MA Support Line As Price Crashes Below $39k Again As pointed out by an analyst in a CryptoQuant post, the price of the crypto is crossing below the 600-day MA curve now, a line that has served as support for BTC in the past. A โ€œmoving averageโ€ (or MA in short) is an analytical tool that takes the average of any quantity…

Meta will open physical metaverse-themed store in San Francisco Bay Area

Social media giant Facebook’s parent company, Meta, will be opening a retail store in the San Francisco Peninsula offering hardware for the virtual reality space. In a Monday announcement, Meta said it would be opening a retail store in Burlingame, California on May 9 aimed at providing interactive demos for the companyโ€™s hardware products, including virtual reality headsets, video communications displays and smart glasses. The store, which will be located on the Meta campus โ€” its headquarters is in Menlo Park โ€” will feature a wall-to-wall curved LED screen that…

NFT Trade Volume Jumped 23% Higher This Week Capturing Close to $1 Billion in Sales โ€“ Markets and Prices Bitcoin News

Non-fungible token (NFT) sales have increased by 23.56% over the last week, as $945.2 million in sales were recorded across 15 different blockchains during the last seven days. NFT sales stemming from Ethereum jumped 29.16% in seven days, gathering $863.2 million in sales or 91.32% of the $945.2 million in sales. One particular NFT collection called Moonbirds has bolstered most of this weekโ€™s NFT sales volume. NFT Sales Spike This Week, Volume Fueled by Moonbirds Sales Following last weekโ€™s slight uptick in NFT sales, which increased 3.35% and gathered $658.4…

โŒ LIQUIDATED LONGS {ETHEREUM!!!!!!} BUY ETH RIGHT NOW AT YOUR OWN RISK!! .. NEW $ETH PREDICTION

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io ๐Ÿ”ฅ $3,000 {ETH) FREE TO TRADE ON BYBIT WHEN YOU MAKE A DEPOSIT!!!!! โซ ๐Ÿšจ LIQUIDATED LONGS {ETHEREUM!!!!!!} BUY ETH RIGHT NOW AT YOUR OWN RISK!! .. NEW $ETH PREDICTION The ethereum price has been a buy the last week or so, however it seems we are running in to ethereum selling pressure. this is my latest ethereum price prediction – is it time to sell crypto and sell eth right now? The crypto market today has been stable however for my…

Price analysis 4/25: BTC, ETH, BNB, XRP, SOL, LUNA, ADA, AVAX, DOGE, DOT

Bitcoin and select altcoins are attempting a recovery, but the most likely outcome of any breakout is strong selling at higher levels. Bitcoin (BTC) continues to trade below $40,000 as bears try to flip the level into resistance. The soaring U.S. dollar index (DXY), which is usually inversely related to Bitcoin, favors the sellers. However, it is not all gloom and doom because the Bitcoin bulls seem to be taking clues from the Nasdaq (NDX), which has been hovering close to positive territory. Although risky assets have been on the…