Last week, the US equities markets recovered from their week-lows, signaling a demand at lower levels. Bitcoin, almost in lockstep, recovered from $18,910 and now finds itself at $22,250 at the time of writing.
Opinions on this rally stay divided: some believe it's just a bull trap, while some believe we could see BTC test the 200-week MA at $22,600 and possibly break it. The current week has started with a 6.5% green candle that has broken through the 20-day EMA, a stubborn level of resistance.
The 20-day EMA has flattened out while the RSI is middling out; this could turn out to be a sign of strength in the short term. If the 200-week MA is breached, BTC could test the 50DMA at $23,300.According to blockchain analytics firm Glassnode, ''Over 80% of the total USD denominated wealth invested in Bitcoin has been HODLed for at least 3 months.'' This bears a striking resemblance to previous Bitcoin market bottoms we could see some upside soon.
Polygon was one of six projects selected to participate in Disney's Accelerator Program this year. The program features AR, NFT, and AI projects, however, Polygon was the only blockchain to be selected.
Disney started accepting applications in April, looking to attract ''growth-stage companies with a vision for making an impact on the future of technology and entertainment.
Over the course of the week, MATIC, Polygon's native token, surged by 75% and now trades at $0.88 at the time of writing.
Acclaimed and celebrator actor Bill Murray has signed a deal with Coinbase's beta NFT marketplace, entertainment site theCHIVE, and e-commerce platform Project Venkman to release a collection of unique, one-off NFTs.
The NFT drop features ''100 story NFTs containing anecdotes, observations, advice, memories, Murray-isms, and more.'' Bill Murray is an Academy-award nominated actor and his long career includes classics like Ghostbusters, Groundhog Day, Lost in Translation, and many more.
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