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A Security Saga 🎭

Amidst this tumultuous backdrop, it seems a caricature of fortitude prevails among Bitcoin’s short-term holders (STHs). Their stance-a peculiar blend of stoicism and strategy-might just be the hidden hand guiding the next surge.

But hey, don’t lose hope yet! Traders are crossing their fingers that ETH will hit new highs any day now. On Thursday, it got as close as $4,779-just 2.07% shy of its ATH. Then Friday came along and was like, “Not so fast!” pulling it back to $4,630. Still, crypto trader RealMissNFT optimistically asked, “What day will we break this?” Spoiler alert: No one knows. 🤷‍♀️

XRP dropped more than 6% in the last 24 hours, falling to $3.00 before recovering slightly. The fall came during a broad selloff in the crypto market, triggered by over $1 billion in liquidations. This marked the asset’s lowest price in over a week. 🤯

Market sage Miles Deutscher recently dropped a truth bomb on X (née Twitter): LINK might just be the most overlooked gem in this crypto cycle. Imagine finding a diamond in your cereal box but being too distracted by the marshmallows to notice. That’s LINK for you-a sleeping giant waiting to roar while everyone else chases shiny altcoins.

Alas, 90% of our beloved top ten cryptocurrencies are draped in the somber hues of red. Experts, those wise sages of the digital realm, point their fingers at the July Producer Price Index (PPI) report as the villain behind this tragic tale.

Her remarks, a scalpel to Treasury Secretary Scott Bessent’s balloon animal of a Bitcoin Reserve, arrived like a thunderclap in a room full of deaf people. The “Strategic Bitcoin Reserve,” a program birthed under Trump’s March Executive Order, envisions a future where the U.S. government builds crypto wealth not by printing money, but by repurposing seized assets. A revolutionary concept, akin to baking a cake without flour-just ask the cake.

So, it briefly outshone Bitcoin (🎉 party!), climbed past a few more arbitrary price points, and then got a bit ambitious and tested $4,780. It peaked, it corrected, it retraced – it’s basically living its best financial life. The 23.6% Fib retracement level is apparently important, or something. Honestly, these numbers are starting to blur. 🤔

Ce savant travail, dirigé par le fameux économiste Murray A. Rudd – qui doit absolument avoir une boule de cristal – utilise un modèle de probabilité tout neuf pour examiner comment la contrainte d’offre et la demande institutionnelle pourraient faire grimper la valeur de cette fameuse pièce, aussi inconstante qu’un chat en pleine chasse aux papillons.

The shopping list? Mining rigs (AKA: glorified space heaters), plus some XRP, BTC, ETH, SOL, LTC, USDC, and DOGE. That last one’s a Shiba Inu meme people keep trying to make into actual money, but don’t worry, your grandma’s coin purse is safe. 🐶💸