The crypto market is abuzz with anticipation as Bitcoin (BTC) investors closely monitor the upcoming Federal Reserve interest rate decision, which could significantly impact market dynamics. Meanwhile, Ethereum (ETH) is hovering around a critical support level of $3,500, making it a pivotal moment for traders. Adding to the excitement is the introduction of Furrever Token, a charming cat-themed cryptocurrency that offers an innovative referral system with rewarding incentives. With its final presale underway and significant community interest, Furrever Token is poised to capture the hearts of crypto enthusiasts and investors alike.
Bitcoin (BTC) Eyes on the FED’s Interest Rate Decision
The leading cryptocurrency, Bitcoin (BTC), is focused on today’s upcoming interest rate decision. Bitcoin (BTC), with a market value of $1.329 trillion, started yesterday at $69,540 and closed the day at $67,314 with a sharp drop of 3.20%. As the FED’s interest rate decision is expected today, Bitcoin (BTC) made a flat start to the day and is currently trading at $67,433 with a slight increase of 0.18%, remaining above the EMA55 support level.
Bitcoin (BTC) Chart Analysis
Examining the daily chart of the leading cryptocurrency, Bitcoin (BTC), we see that it fell from $72,000 to $56,000 between March and May 2024, then tested the $72,000 resistance level again last week. After receiving strong selling pressure from the U.S. Non-Farm Payrolls data at the $72,000 resistance, Bitcoin (BTC) closed the week at $69,648, slightly above the $69,000 support. As we analyze the daily chart, we observe that the selling pressure increased before the FED’s interest rate decision, causing Bitcoin (BTC) to drop to the EMA55 support level and currently trading at $67,433. Although the likelihood of a FED rate hike is low, the possibility of an accelerated decline should not be overlooked in case of an increase. The support levels for Bitcoin (BTC) are at $66,760 (EMA55) and $64,015 (EMA100). Without daily closes above $69,000, the likelihood of an upward trend for Bitcoin (BTC) remains weak.
Ethereum (ETH) Critical Support at $3,500
Ethereum (ETH), the second-largest cryptocurrency with a market value of $423.50 billion, started yesterday at $3,666.1 and, after testing $3,671.1, was affected by the sharp drop in Bitcoin (BTC), closing the day at $3,497.4 with a 4.60% decrease. Today, Ethereum (ETH) continues to trade above the EMA55 support level, currently trading at $3,525.4 with a 0.80% increase.
Ethereum (ETH) Chart Analysis
As the second-largest cryptocurrency, Ethereum (ETH) started its downward trend in March from $4,000 and continued to drop to the $2,858 support. Following strong buying triggered by the spot ETF approval news, Ethereum (ETH) broke its two-month downtrend and traded within the $3,750-$3,950 range for three weeks (highlighted in purple on the chart). After the U.S. Non-Farm Payrolls data caused selling pressure on Bitcoin (BTC), Ethereum (ETH) broke below the $3,750-$3,950 range and held above the EMA21 support for four days. Today, the increased selling pressure on Bitcoin (BTC) negatively affected Ethereum (ETH) and it is currently trading just above the EMA55 support level at $3,525.4. If the selling pressure continues, the nearest support levels for Ethereum (ETH) will be $3,479.9 (EMA55) and $3,326.1 (EMA100).
Introducing Furrever Token: A Cat-Themed Crypto with Exclusive Referral Rewards
Furrever Token is charming the crypto community with its delightful, cat-themed ecosystem and innovative features. As it approaches the end of its presale, the token has already raised over $1.3 million, demonstrating strong investor interest. The tokenomics are well-planned, with 65% of the total 9 billion tokens available during the presale, 25% allocated for decentralized exchanges (DEXs), and 10% reserved for the team, locked for one year to ensure stability and growth. Currently priced at $0.000732, Furrever Token presents an attractive entry point for new investors.
A standout feature of Furrever Token is its exclusive referral system, which rewards users with a 10% bonus on every deposit made through their personal referral link. This system not only incentivizes current investors but also promotes organic community growth, making it a highly attractive investment option.
Here’s how the Furrever Token referral system works:
Connect Your Wallet: Users can connect their wallets on the official Furrever Token website.
Generate a Referral Link: Once connected, users can generate their personal referral link without needing to purchase any Furrever Tokens initially.
Share and Earn: Users share their referral link with friends, family, and social networks. For every deposit made through the referral link, the referrer earns a 10% bonus in Furrever Tokens.
The referral system is designed to be simple and user-friendly, encouraging more people to participate and help grow the Furrever Token community. This approach not only provides an opportunity for users to earn more tokens but also helps spread the word about Furrever Token, creating a larger and more engaged community.
Join Furrever Token Presale Now:
Furrever Token Official Website
Visit Furrever Token Presale
Join Official Telegram Group
Follow Official X Account
Disclaimer: Any information written in this press release does not constitute investment advice. Optimisus does not, and will not endorse any information about any company or individual on this page. Readers are encouraged to do their own research and base any actions on their own findings, not on any content written in this press release. Optimisus is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release.
