Bitcoin Attempts Charge at $40,000, Tumbles to $34,000
On May 4, Bitcoin attempted another shot at the crucial $40,000 resistance but was turned down by the 20-day EMA, following which BTC broke below the ascending channel and at the time of writing, trades near the $33,500 mark.
The moving average display a falling trend and with the RSI now moving into oversold territory, we can see that the bears are in complete control. Further support lies at $33,000, however, a break below that level could induce panic selling to $29,000.
Upside faces resistance at the 20-day EMA and a breakout could see Bitcoin test $40,000 and the 50DMA again. Breaking through both of them would be crucial if the bulls are to regain control.
Meanwhile, Bitcoin crosses the halfway point to its next halving last week. Block 735,000 was mined at 10:29 UTC on May 5. With the halfway point came the hash rate hitting a new all-time high of 249.1 EH/s.
dPlay: New OneTouch Video Slots Added to the Roster
Last week, dPlay Casino added a host of OneTouch video slots to its roster. New slot titles include BeatsFX, Grand Heist, Fire Combo, Infinity Tower, and Snack Blast.
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CRYPTO NEWS WEEKLY ROUNDUP:
Instagram to Support NFTs From Ethereum, Polygon, Solana, and Flow
Instagram, one of the biggest social media platforms in the world, is planning NFT integrations for Ethereum, Polygon, Solana, and Flow. These networks host the vast majority of digital collectible trading, with Ethereum and Bored Apes leading the way.
A pilot is set to be announced on Monday and will feature a small group of NFT enthusiasts in the US. The platform intends to support popular wallets like MetaMask. Users will be able to link their wallets, showcase their NFTs, and tag the creators.
Sony Partners With Theta Labs to Launch NFTs Compatible With Spatial Reality Display
Sony is partnering with blockchain video delivery network Theta Labs to launch NFTs that can be viewed using Sony’s Spatial Reality Display. The Spatial Reality Display is a monitor that lets people view things in 3D without using 3D eyewear or other accessories.
”Consumers can now enjoy a next-generation 3D experience without the need for 3D eyewear,” said Nick Colsey, a Sony Electronics executive. ”Theta’s NFTs are just the latest way we can show our rapid adoption of metaverse-friendly technology.”
Sony and Theta will release an NFT called ”The Tiki Guy”; only 10 of these will be minted for 3D as well as 2D viewing.