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Today’s Cryptocurrency Headline
La Liga, the men’s top professional football division of the Spanish football league system, has entered into a strategic partnership with metaverse companies StadioPlus and Vegas City Limited to provide virtual experiences in Decentraland. In March of this year, FC Barcelona established Barca Studios to focus on the development of the metaverse. Socios.com invested $100 million in the studio in August. In addition, FC Real Madrid has also filed a series of trademark applications to protect its metaverse-related intellectual property.
BingX’s Bitcoin Chart
According to Glassnode, Bitcoin inactive supply for more than 5 years reached an ATH of 24.790%. Bitcoin is down 3.45% over the last 24 hours and fell to an intraday low of $19,335.62. The 50-day simple moving average and the 20-day exponential moving average are sloping down, and the RSI is in the negative territory, indicating an advantage to sellers. The sellers are likely to increase selling pressure on the largest cryptocurrency this week, as the Fed will likely announce another 75 basis points interest rate hike this Wednesday. If the Fed increases the interest rate more than expected on Wednesday, the BTC price could drop to the $18,510 to $17,622 zone.
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