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Blur Launches ETH Loan Batch Repayment Function

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Today’s Cryptocurrency Headline

Blur, an NFT marketplace, has announced a new feature on Twitter. Users can now borrow ETH and repay the loan in installments over a specific period, instead of making a lump sum payment. This applies to NFTs purchased using the “Buy Now Pay Later” (BNPL) option and directly borrowed NFTs. In case of loan repayment reminders, users have the option to extend the loan by paying a fee as low as 0.1 ETH, instead of repaying the full amount immediately. This feature can also be used for refinancing loans to obtain better interest rates.

BingX’s Bitcoin Chart

Source: TradingView & BingX

The current BTC market has approached a crucial support level around $26,000. If the bulls fail to mount a swift and effective resistance, the potential for a downside breakthrough of $26,000 opens up. However, as the market remains at this critical support level, the outcome is still uncertain. Yesterday’s significant bearish candlestick suggests an increasing probability of a downward move, but no definitive conclusion can be drawn at this point in a neutral cryptocurrency market analysis.


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