qfx On November 18, in a chat with Fox Business, Michael Saylor, the man in charge of Strategy, revealed that Bitcoin’s roller-coaster volatility is, surprisingly, dialing down. In fact, it’s dropped from a hair-raising 80% back in 2020 to a still-bumpy-but-better 50% now. Things are getting “stable,” if you can call Bitcoin anything that resembles stable. 🧐
Because predictable yields are the new black. Move over, Bitcoin-Ethereum’s wearing the suit now. 👔
The company, with a straight face, insists the breach was not a flaw in their architecture but rather the work of external malcontents. Phishing, they say, and third-party lapses-not their doing, oh no. 🦹♂️
Now, amid the chaos, some folks are whispering about a potential recovery. Because obviously Ethereum’s about to bounce back-because what’s a 40% drop if not a “correction”? 🤷♂️
Governor Kelly Ayotte is out here saying they’re “first in the nation” to embrace “new technologies.” Kudos to her for being trailblazing… or maybe just really good at playing the crypto lottery. 🎰 She claims it’s “innovative” and “no risk to taxpayers,” which sounds less like finance and more like a Vegas commercial. 🏖️
ARB prices and activity may yet pirouette into a frenzy, particularly in the RWA category, where the chain seems to have hidden its most tantalizing secrets.
SOL fluttered from $129 to $139.41, like a moth briefly enamored with a streetlamp. The RSI, that killjoy of indicators, still whispers of bearish doom, but who listens to prophets at a carnival? 🤡
The whole shebang of the crypto market cap took a nosedive too, plungin’ 3.5% to a measly $3.07 trillion-that’s a far cry from its glory days in 2021. With all the bearish hootin’ and hollerin’, over $651 million got liquidated from them leveraged traders, and $491 million of that was from the long traders who thought they’d struck gold. 🤑
Bitcoin’s Supertrend indicator has gone all “sell” on us, and history says that’s a recipe for a 77% nosedive. 🌋💥
Thanks to a stroke of institutional genius, including some fancy names like Jane Street and DRW Venture Capital, Kraken’s wallet now looks a little less emaciated. Even Arjun Sethi’s family office pitched in because apparently, family wealth is the new venture capital. Who knew?
