Bitcoin (BTC) Dominance Hits 52.86%, Ethereum (ETH) Tests $3,000 Support, and Furrever Token (FURR) Secures $800,000 in Presale Phase

In
a
turbulent
weekend
for
the
financial
markets,
cryptocurrencies
felt
the
strain
of
geopolitical
tensions,
with

Bitcoin (BTC),

Ethereum (ETH),
and



Furrever
Token (FURR)
each
navigating
the
upheaval
in
distinctive
ways.
Bitcoin
showed
resilience
despite
significant
losses,
Ethereum
struggled
to
maintain
key
support
levels
amidst
declining
prices,
and
Furrever
Token
capitalized
on
the
volatile
market
environment,
boosting
its
presale
figures
significantly
as
investors
looked
for
promising
opportunities
in
the
lead-up
to
the
Bitcoin
halving.

Despite
a
Dip
Over
the
Weekend,
Bitcoin’s
(BTC)
Market
Dominance
Reaches
a
New
High
Since
April
2021

This
past
weekend
saw
a
downturn
in
asset
values
as
traders
adjusted
their
portfolios
in
response
to
conflicts
in
the
Middle
East.
By
late
Saturday,
it
appeared
that
most
assets
had
reached
their
lowest
points.

Over
the
weekend,
while
the
stock
market
was
closed
and
unable
to
react
to
the
escalation
involving
an
Iranian
drone
targeting
Israel,
the
cryptocurrency
market
was
active
and
responsive.

The
general
trend
saw
a
decrease
in
asset
prices
as
traders
reevaluated
their
positions
and
reduced
exposure
to
higher-risk
investments.
Bitcoin,
despite
being
the
least
affected
among
major
cryptocurrencies,
dropped
from
a
high
of
over
$70,000
on
Friday
to
just
above
$63,000
by
the
end
of
Saturday,
marking
an
11.6%
decrease.

Bitcoin’s
resilience
was
notable
compared
to
other
cryptocurrencies.
Coinglass
reported
that
long
liquidations
on
centralized
exchanges
totaled
over
$757
million
on
Saturday,
with
Bitcoin
accounting
for
$261
million
of
those
liquidations.

Cryptocurrencies
like
Bitcoin
are
considered
less
risky
compared
to
more
speculative
ones
such
as
Dogecoin,
which
experienced
nearly
a
30%
drop
from
its
peak
on
Friday
to
its
trough
on
Saturday.

There
was
a
modest
recovery
across
most
assets
after
hitting
what
seemed
to
be
a
floor
late
on
Saturday.
Theoretically,
Bitcoin
could
have
seen
a
surge
during
this
turmoil,
as
it
is
often
considered
a “safe
haven,”
akin
to
gold.
Recently,
gold
has
seen
significant
gains
due
to
the
Middle
East
conflict,
potentially
benefiting
Bitcoin,
frequently
dubbed “digital
gold.”

However,
with
the
stock
market
closed,
cryptocurrencies
like
Bitcoin
had
to
absorb
the
full
impact
of
the
market’s
reaction.
Despite
these
challenges,
Bitcoin
still
emerged
as
a
top
performer.

Over
the
weekend,
Bitcoin’s
market
dominance—its
market
cap’s
proportion
relative
to
the
total
cryptocurrency
market
cap—rose
to
52.86%
on
Sunday,
marking
the
highest
point
since
April
2021.

This
increase
in
dominance
comes
after
a
low
in
February
when
Bitcoin’s
dominance
fell
to
43%
due
to
a
surge
in
altcoins,
representing
the
smallest
share
since
March
2023.
This
reversal
underscores
Bitcoin’s
renewed
strength
in
the
market,
achieving
its
most
substantial
market
share
in
three
years.

Ethereum
(ETH)
Remains
Above
the
$3,000
Support
Level

Ethereum (ETH)
has
recently
faced
challenges
as
its
price
has
seen
a
decline
of
21%
between
April
9
and
April
14,
reaching
a
50-day
low.
Despite
recovering
some
losses,
Ether
continues
to
struggle,
especially
after
failing
to
break
through
the
$3,200
resistance
on
April
14.
Currently
trading
at
$3,066,
Ether
has
experienced
a
daily
decrease
of
1.46%.
This
ongoing
instability
raises
concerns
about
the
sustainability
of
its
$3,000
support
level.

In
the
derivatives
market,
there
is
a
notable
shift
in
sentiment
among
professional
traders,
indicating
a
decrease
in
risk
appetite.
This
sentiment
is
reflected
in
the
ETH
options
market,
where
the
delta
skew
metric
has
reached
its
highest
bearish
level
in
over
two
months,
suggesting
a
growing
demand
for
downside
protection.

Amidst
this
market
uncertainty,
there
is
cautious
optimism
regarding
the
approval
of
a
spot
Ether
ETF
in
May,
although
analysts
remain
mixed
due
to
the
conflicting
signals
from
on-chain
and
derivatives
data.
Senior
Bloomberg
ETF
analyst
Eric
Balchunas
pointed
out
the
low
likelihood
of
ETF
approval
given
the
lack
of
critical
feedback
from
the
SEC
during
recent
meetings.

Comparatively,
Ether’s
downturn
has
been
more
pronounced
than
other
major
cryptocurrencies
like
Binance
Coin
(BNB)
and
Tron
(TRX),
but
less
so
than
that
of
Solana
(SOL).
It
should
be
noted
that
Ethereum’s
network
total
value
locked
(TVL)
has
surged
to
its
highest
in
13
months
on
April
15,
reaching
16.4
million
ETH,
which
is
a
14.8%
increase
month-over-month.

Despite
these
challenges,
the
anticipation
of
a
decision
on
the
spot
Ether
ETF
in
May
could
still
provide
a
positive
impact
on
Ether’s
price
and
on-chain
activity.
However,
the
increasing
risk
aversion
among
professional
traders,
as
evidenced
on
April
16,
suggests
that
the
potential
for
further
price
corrections
below
$2,900
should
not
be
overlooked.

Furrever
Token
(FURR)’s
Presale
Raises
Over
$800,000
as
Bitcoin
Halving
Approaches

Furrever
Token (FURR)
is
distinguishing
itself
as
a
strong
contender,
demonstrated
by
an
impressive
presale
that
has
already
exceeded
$800,000.
As
the
crypto
community
braces
for
the
Bitcoin
halving,
FURR
is
strategically
positioned
to
capitalize
on
the
increased
interest
and
investment
that
typically
accompany
this
event.

Offering
a
compelling
entry
at
just
$0.000564
per
token,
Furrever
Token
has
attracted
a
wide
array
of
investors,
drawn
by
the
potential
for
significant
returns.
This
vibrant
investment
interest
is
bolstered
by
FURR’s
dynamic
community,
which
includes
over
4,100
active
members
on
its
Telegram
channel,
providing
robust
support
and
fostering
lively
discussions
that
enhance
the
token’s
market
presence.

As
the
market
anticipates
the

Bitcoin
halving,
Furrever
Token
is
not
just
riding
the
wave
but
actively
preparing
to
leverage
this
period
of
heightened
activity.
The
team
behind
FURR
is
pushing
forward
with
strategic
partnerships
and
innovative
features
aimed
at
boosting
the
token’s
adoption
and
enhancing
its
value.
These
efforts
are
designed
to
align
FURR’s
trajectory
with
the
broader
market
dynamics
expected
post-halving,
ensuring
that
the
token
remains
appealing
to
both
new
and
existing
investors.

With
its
strong
presale
performance,
active
community
engagement,
and
strategic
market
initiatives,
Furrever
Token
is
poised
for
significant
growth.
As
it
continues
to
navigate
the
evolving
cryptocurrency
landscape,
FURR
stands
out
as
a
promising
investment
opportunity,
ready
to
benefit
from
the
upcoming
market
momentum
and
deliver
substantial
returns
to
its
holders.

For
further
information
or
any
assistance
regarding
Furrever
Token,
reach
out
only
through
the
official
channel
at




[email protected]
to
avoid
potential
scams.

Secure
the
Most
Exclusive
Presale
Opportunity
of
2024
Today!

Furrever
Token
Official
Website |  Visit
Furrever
Token
Presale 

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Official
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Group

|



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Account

Media
Contact:
Robert
Smith
https://furrevertoken.com/

[email protected]

Disclaimer:
The
information
provided
in
this
press
release
is
not
a
solicitation
for
investment,
nor
is
it
intended
as
investment
advice,
financial
advice,
or
trading
advice.
It
is
strongly
recommended
you
practice
due
diligence,
including
consultation
with
a
professional
financial
advisor,
before
investing
in
or
trading
cryptocurrency
and
securities.