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Bitcoin (BTC), Ethereum (ETH) and Furrever Token (FURR) offer compelling investment options

New York, NY, April 4, 2024 (GLOBE NEWSWIRE) — In the volatile cryptocurrency market landscape, where established giants like Bitcoin and Ethereum are experiencing sustained declines, Furrever Token (FURR) is proving to be a beacon of the potential in its fifth phase pre-sales. As Bitcoin and Ethereum struggle to maintain their positions, FURR is close to completing a groundbreaking pre-sale offering that is expected to deliver up to 15x returns to its early investors. This contrast in development highlights the dynamics of the cryptosphere, where new competitors like FURR are disrupting the status quo with ambitious promises of growth and innovation.

Bitcoin (BTC) Roller Coaster: Will Bull Run Surge Again Amid Market Uncertainty?

Bitcoin (BTC) continues its turbulent journey, the current price is around $66,288, registering a slight decline of 1% since yesterday. As digital gold struggles with ongoing market momentum, the question that remains on every investor's mind is: Has the Bitcoin downturn bottomed out?

Despite recent corrections, BTC has yet to signal a final trend reversal, having just recorded a new intraday low at $64,493. Several factors contribute to this uncertain outlook:

With the exception of BRRR, all ETFs have submitted their entry/exit data, revealing subdued spot Bitcoin ETF volume and a modest net inflow of $36 million on April 2nd. While ARKB's $87.5 million in outflows dampened optimism, institutional investors likely contributed to the sell-off.

We have not seen strong net inflows in the ETF channel since March 18th (with the exception of March 26th). This trend suggests that a group of investors in the ETF channel are giving in to increasing bearish sentiment, fueled by worries about pre-halving declines or genesis selling. BTC price may lack crucial support from the ETF channel for some time.

Bitcoin failed to close above $71,500, prompting sellers to push the price below $69,000. Furthermore, demand appears to be limited at lower levels for now. As Asian investors awaken and US stock markets open, daily volatility increases, potentially triggering further selling pressure. Additionally, key data on U.S. average hourly wages, nonfarm payrolls and the unemployment rate will be released on Friday. Higher average earnings could be a sign of negative inflation, while good employment data could be a bad sign for the Fed's interest rate cuts. Investors are therefore approaching Friday cautiously. Additionally, the Silk Road auctions served as a stark reminder of the assets the US holds, suggesting that FUDs persist. Continued negative developments related to the Coinbase-Binance lawsuit pose potential risks.

Ethereum (ETH) struggles to regain momentum: Will $3,500 support hold despite resistance challenges?

Ethereum recently showed strong bullish momentum from the $3,500 support area. However, it is currently trading below the $3,550 level and the 100 hourly simple moving average and is facing resistance around the $3,550 level on the hourly chart.

To continue the recovery, Ethereum needs to clear a significant resistance zone at $3,600. A break above this level could add further momentum to its upward move. However, the bears remain active near the $3,650 and $3,680 resistance levels.

On the other side, the immediate resistance lies near the $3,630 level, followed by critical levels at $3,650 and $3,680. In particular, breaking above the $3,680 resistance level could mean stronger bullish momentum for Ethereum. Failure to break the $3,600 resistance could indicate a possible resumption of a downtrend. Currently, the first support level on the downside is around $3,500, with more significant support at around $3,475. A break below this level could lead to the next critical support at $3,450 and potentially push ETH towards $3,340.

Technical indicators point to a continued uptrend in the hourly MACD for ETH/USD, albeit with some loss of momentum. Meanwhile, the RSI is currently below the 50 level, indicating a possible increase in selling pressure. Although disappointment remains for Ethereum investors after recent declines, repeated tests of $3,500 and below recently suggest a possible quick recovery in the price.

Furrever Token (FURR) is about to complete its 5th presale phase in record time

Furrever Token (FURR) has quickly gained traction in the crypto market, attracting a significant influx of investors and quickly completing 50% of all 10 presale phases in less than a month. The project's enormous appeal can be attributed to several key factors that contributed to its success and popularity among investors.

Furrever Token stands out primarily for its unique and innovative concept that brings an adorable dose of cuteness to the crypto space, centered on adorable cat images. In a market dominated by serious blockchain projects, Furrever Token offers a refreshing and light-hearted approach that resonates with a wide audience, especially those who appreciate the lighter side of crypto.

Additionally, Furrever Token’s robust tokenomics and transparent presale approach have instilled investor confidence. With 65% of tokens available during the presale, along with clear allocations for DEXs and the team, investors were given a clear understanding of the project's fund distribution and allocation.

Additionally, the project's commitment to security and compliance, evidenced by smart contract audits and implementation of security measures, has helped convince investors of the security and integrity of the Furrever token platform.

Additionally, the active and engaged community surrounding Furrever Token has played a crucial role in its rapid growth and success. With nearly 4,000 organic members on Telegram, the project has created a warm and friendly community that shares a love of the project's quirky theme and vision.

Overall, Furrever Token's unique concept, transparent tokenomics, commitment to security, and active community engagement contributed to its rapid rise and strong investor interest, culminating in the impressive achievement of amassing over $620,000 in a short period of time. With its current price of $0.000396, Furrever Token continues to attract attention and investment as the presale phase progresses.

Discover the most exclusive pre-sale opportunity of 2024 now:
Furrever Token official website | Visit the Furrever token presale
Join the official Telegram group | Follow the official X account

Media contact:
Robert Smith
https://furrevertoken.com/
[email protected]

Disclaimer: The information provided in this press release does not constitute a solicitation of investment nor is it intended as investment advice, financial advice or trading advice. It is strongly recommended that you exercise due diligence, including consulting with a professional financial advisor, before investing or trading in cryptocurrencies and securities.

CONTACT: Robert Smith https://furrevertoken.com/ Support at furrevertoken.com

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