Crypto News Weekly Digest 19.05.2023

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2023-05-19

 

Crypto market

BTC - $26900 -1.42%. BTC/USD is currently facing resistance at $27.2k and a successful bull run above this point could lead to further gains to $27.7k.

 

The Alt market is red. Ether is trading at $1808. Altseason index 8, investor interest 48 (neutral). Trading volume — $31.4 billion.

Growth leaders among altcoins are HEX, MASK, BGB.

Fall leaders are LDO, OP, IMX.

BTC dominance is 47.82%.

 

Crypto game Axie Infinity has been added to the Apple App Store

The project has 1.5 million installs on all platforms. We think that thanks to advertising in Google and Apple, the number of players will soon increase.

On this news, the native token of the AXS project set its maximum price level since February.

The tokens of other gaming projects also increased in price - SAND (Sandbox) and MANA (Decentraland).

 

Bitcoin may fall to $24k

Trader Crypto Ed suggested on YouTube that a bounce could bring BTC back to $28,800, but more likely to fall to $24,000 before further growth.

Other market participants are more cautious. Some claim that it is extremely difficult to read the Bitcoin chart at the moment.

Large investors are waiting for the end of May, when the situation with the US government debt, which has reached a new ceiling, will be resolved.

 

Samsung will launch a pilot project with a digital currency.

The company has partnered with the Bank of Korea (BK) to test CBDC in the offline payment sector.

Samsung will support digital won payments using Secure Element on its gadgets.

Both companies will test the possibility of payments in emergency situations and the absence of the Internet.

 

Justin Sun accused his brother, the founder of Huobi, of fraud

Huobi CEO and Tron founder Justin Sun made accusations against the brother of Huobi founder Li Wei.

He claims that Wei bought the native Huobi token (HT) at zero price and sold it for a huge amount

 

BlackRock earned more than $2.39 million trading PEPE meme token

The world's largest investment fund BlackRock traded the PEPE meme token. On its Twitter, the Lookonchain company reported that the investment giant managed to earn more than $2.39 million