- Cross-crypto liquidations totaled $200 million on April 9.
- The limited-edition collection will include 75,817 NFTs, which represents the capacity of the team's home stadium, San Siro
BTC whales buy more amid price fall speculation
As the weekend started, data from Cointelegraph Markets Pro and TradingView indicated BTC/USD steadily shattering support levels that had been in place for many weeks.
After numerous attempts of $43,000, the pair ultimately gave up and fell to $42,131 on Bitstamp, its lowest level since March 23.
Buy and sell crypto in 5 minutes.
Cross-crypto liquidations totaled $200 million on April 9 in the one day to the time of writing, according to figures from on-chain tracking site Coinglass. Bulls waiting for a recovery movement felt the effects.
As a result, the short-term picture for traders was very gloomy. Crypto Ed, a well-known pundit, predicted a retest of $40k but cautioned that Bitcoin might not remain there.
Related Post:Why the ‘mid-halving' value drop in BTC will be different this time
A chart with support levels between $40,000 and $37,500 suggested a forecast multi-step downturn.
However, the founder of on-chain data startup Glassnode, Yann Allemann, and Jan Happel, highlighted the possibility of fluctuation due to decreased weekend market volumes.
Compared to the last week, Bitcoin's weekly candle will end on April 10 with a loss of about $5,000, or roughly 10%.
Swap coins at a low fee.
AC Milan introduces NFT collection
AC Milan, an Italian professional football club, will collaborate with BitMEX to launch its first-ever nonfungible token (NFT) initiative. Fondazione Milan, the team's charitable body, will get the revenues.
Start crypto investing
The limited-edition collection will include 75,817 NFTs, which represents the capacity of the team's home stadium, San Siro.
It will feature a 3D picture of a shirt discovered in South Sudan by Danish war photographer Jan Grarup, who was there last December to chronicle extensive floods.
Related Post:Starbucks CEO says the firm will join NFT sector in 2022
To help fund the initiative, BitMEX teamed with AC Milan to provide selling discounts and "other perks" to the first 10,000 pre-orders. By acquiring a "big quantity" of NFTs, BitMEX will donate to Fondazione Milan.
According to the release, the funds would be used to support the club's philanthropic activities worldwide, including the ongoing situation in Ukraine and a UNICEF project in South Sudan.
