qfx Bitcoin difficulty has been consistently dropping since November, which likely means that miners are tapping out or switching to other kinds of business.
Unfortunately, the profitability of miners still in the game has not really changed.
It ascended, briefly, past eleven and three-quarters of a cent, and even dared to peer above twelve. But, alas, the heavens (or perhaps, the more cynical elements of the marketplace) did not permit further progress. A resistance, a stifling barrier near twelve and four-tenths of a cent, presented itself. One suspects the coin itself was not terribly surprised.
Legendary trader Peter Brandt is waving a red flag, saying Bitcoin could dip below $70,000 if this chaos keeps up. But hey, at least it’s not your fault-it’s just the universe conspiring against you. Classic.
Silver has stolen the show on Hyperliquid, quietly whispering that crypto derivatives venues are turning into a playground for macro trades rather than just speculative antics. It’s like silver, normally the reliable but dull cousin at family parties, is suddenly the life of the crypto ball, outsizing sums of Bitcoin and Ethereum in the trading frenzy.
XRP, the little engine that could (or couldn’t, depending on the day), hit a low of $1.83 early Monday. It’s like it tripped on the weekend and just kept falling, landing at $1.80 on Sunday. Thin trading, you say? More like thin patience. This pullback has been dragging on longer than a bad first date.
Yet the selling pressure has cooled a tad in the last few months. Traders, ever the optimists with a coffee habit, are sniffing for a bullish rebound in 2026-catalyzed by capital swapping from the old metal crowd and a regulatory vibe that actually feels like forward motion. Lovely, isn’t it?
Imagine, if you will, a modest token, born in the unassuming month of September past, suddenly ascending to dizzying heights. A staggering 2,000% increase in mere weeks! One can scarcely fathom such audacity. Presently, it commands a price of $83, a figure that would have been laughed out of the room but a month ago. Its market capitalization, once a mere whisper, now stands at a formidable $1.6 billion, leaving well-established altcoins in its wake.
This investment is basically a high-yield Bitcoin proxy. Think of it as the bank’s way of saying, “We want to dabble in crypto, but without actually getting our hands dirty.” It’s like wanting to swim but only sticking your toes in the kiddie pool-very safe and very boring.
ARK Invest, the asset management firm led by Cathie Wood, has filed with U.S. regulators to launch two new cryptocurrency exchange-traded funds (ETFs) that would track the CoinDesk 20 – a beacon, to some, of the most liquid digital assets, including bitcoin, ether, solana, XRP and cardano.
Meanwhile, in the grand old world of crypto, ETFs (those fancy money buckets) are showing signs of a mass exodus. Investors, probably clutching their lucky charms, are dashing away in a panic as the market turns grumpy.
