CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, DEFI News
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating once more after a fresh burst took it to $32,200 on Bitstamp.
The pair thus capped a second day of more bullish momentum, this nonetheless failing to impress analysts, who widely believed that the moves were untrustworthy.
Those misgivings continued on the day, amid discussions over whether the latest gains amounted to a “dead cat bounce.”
Is this #BTC movement real? I think not. The rise has been sold…
1- Inflow of 3,500 BTC in the spot market at its maximum (30.7k).
2- Negative Delta with a daily green candle of 4.5%. (delta divergence).
“BTC is poised for a bigger move. Before you ape in, remember how crypto likes to squeeze shorts and trap longs,” on-chain analytics resource Material Indicators wrote in one of several tweets over the past 24 hours.
“You can mitigate risk by waiting to confirm breakout or fakeout. FireCharts shows where liquidity rests in the order book. Monthly close Tues.”
Order book data from major exchange Binance meanwhile showed a solid $61 million sell-wall appearing at $33,500 at the time of writing.
The Metaverse Game and Its Potential Applications
In the last year, a new game called Metaverse has attracted the attention of many crypto diehards. This game allows people to trade with each other and engage in various activities. The game is currently being hosted by Zoom, which has been in business since 2012. The game was created by Robby Yung, the CEO of Animoca Brands, a company that also owns The Sandbox and is a major shareholder of CryptoKitties and NBA Top Shot creator Dapper Labs.
The concept of a metaverse began in 1992 when a writer named Neal Stephenson introduced the concept, which is now being used to describe 3D virtual worlds. Since then, the concept has evolved through the development of virtual reality, augmented reality, and cryptocurrency. In 2018 the film Ready Player One was released, introducing virtual reality. In 2014, Facebook acquired virtual reality hardware and the software platform Oculus. This investment shows that big firms are willing to take a risk on the Metaverse and its potential.
While many of us have been using virtual worlds for years, a metaverse allows people to hop between different platforms. You can buy a Burberry shirt on one platform, take your avatar on another, and then buy a new drip and hang out with your friends in the metaverse. This virtual world, known as the metaverse, combines the benefits of blockchain, VR, AR, and Web 3.0 technologies. It is not yet clear what applications this new technology will have, but it will certainly change our lives.
