qfx Changpeng Zhao, the mastermind behind Binance, reckons the ride ain’t even started yet. Said he, “Watchin’ BNB go from a measly dime eight years ago to today’s grand dollar is like watchin’ a caterpillar turn into a butterfly. And folks, this here’s just the tip of the iceberg. We’re talkin’ 10,000x just ‘round the bend!” So, saddle up and keep your pockets ready-this crypto rodeo’s just gettin’ wild. 🤠💸
Since early September, the ETH/BTC pair has been doing a weird little dance, forming what we crypto folks love to call an inverse-head-and-shoulders (IH&S) pattern. Fancy, right?
Crypto adoption is zooming faster than your internet when you finally pay the bill, so now’s the perfect time to snag some $BEST tokens. Why? It’s the native token of Best Wallet, your digital crypto bouncer keeping all those coins in line while you pretend to understand gas fees.
Bitcoin dominance, it seems, has taken a bit of a tumble, falling 12% from its June high of 66% to just below 58% at present. This, according to those in the know, is the most significant decline in BTC market share since mid-2022-a year that, coincidentally, also saw the world collectively decide that avocado toast was overrated.
This debut, a testament to the insatiable curiosity of investors, reveals a burgeoning desire to partake in the whimsical world of meme coins through the veil of regulation. 🧠
Bitcoin ETFs, those steadfast sentinels of the digital realm, recorded a total net inflow of $163.03 million, with Fidelity’s FBTC leading the charge with $97.35 million. Ark & 21Shares ARKB, ever the ambitious underdogs, added $25.00 million, while Bitwise BITB, that cunning fox, tacked on $12.78 million. Grayscale BTC, the old guard, chipped in $10.93 million, and VanEck HOLD, the cautious sage, $6.65 million. Franklin EZBC, the quiet optimist, added $6.80 million. Invesco BTCO, the humble scribe, noted smaller inflows of $3.51 million. Overall, the total trading value of the Bitcoin ETF reached $3.45 million, a drop from the previous day’s fervor. Total net assets stood at $155.05 billion, a mere 6.62% of the Bitcoin market cap-a modest fraction for a titan. 🐉
For traders, the next few days might feel like ridin’ a buckin’ bronco blindfolded. 🤠🎢
Nope. This shenanigan ends on 01 June 2028, unless ASIC-a creature of unpredictable whims-thinks to extend it. 🕒
Changpeng Zhao, or dear old CZ, the founder of Binance, offered his sermon on this spectacle – a cocktail of politics, technical wizardry, and benevolent regulatory slapstick, propelling BNB to heights previously thought reserved for myth or madmen.
He said – and I quote – “We haven’t seen the type of euphoria that usually marks peaks.” Euphoria? Please. My Instagram feed is nothing but euphoria about crypto. Maybe he needs to follow different people. Honestly.
