Meta, formerly known as Facebook, has announced that it will be launching its first hardware retail store within its campus in California.
The main cryptocurrency market recovered quickly from the losses of the past few days on Monday, despite additional macroeconomic risks in recent days due to a new wave of coronavirus outbreaks in China and a looming global recession.
BTC managed to recover to the psychological $40,000 mark after gaining 3.7% in the past 24 hours. At the time of writing, the largest cryptocurrency by market capitalization has broken above a bearish trend line on the hourly chart and is poised to charge towards the upper hurdle in the $40,800-$41,000 region.
However, if it fails to break out of the aforementioned area, Bitcoin could see further downside to the $40,000 range.
Meanwhile, a breakdown of BTC’s relative trading volume by size chart shows a notable shift in the market structure – with a significant increase in BTC trading volume above $10 million.
Before October 2020, in good times, large deals accounted for less than 10% of total trading volume.
However, the current large volume has stabilized at around 40% of the daily volume.
Interestingly, the share of large-value exchanges has surged further in recent months, reflecting the significant growth in value settlement by institutional-scale investing and high-net-worth individuals.
In alternative currency markets, ETH moved in lockstep with BTC, with the second-largest cryptocurrency by market cap successfully reclaiming the $3,000 mark after gaining 5.3% in 24 hours.
Most major altcoins also largely turned losses, with Dogecoin leading the rally with an astonishing 25% surge following Elon Musk’s $43 billion takeover of Twitter.
In the NFT market, Moonbirds has become a new blue-chip project, and it is also the first project to be so successful after the downturn in the NFT market.
Meta (formerly Facebook) has announced that it will open its first hardware retail store on its California campus.
The store will offer Meta’s virtual experience in a physical store environment.
Consumers can experience in-store experiences with Meta’s Portal videophone, virtual reality headset, and the Ray-Ban Stories smart glasses that debuted last year.
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April 24, 2024
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