Markets
A Most Peculiar State of Affairs:
- Indeed, Bitcoin and Ethereum, those fickle spirits, have dared to rise – a most unsettling development! All because some believe the American government might actually function…for a few days, at least.
- A “bipartisan deal” they call it. One suspects it involves a great deal of mutual eye-rolling and promises swiftly broken, but for now, the market believes! A truly fragile hope.
- As for a Cardano ETF…well, let us not speak of dreams when reality is a clumsy bear.
Good Morning, Asia. Or, as I Prefer, Another Day of Improbable Events:
BTC and ETH, those digital phantoms, have experienced a momentary…revival overnight. Apparently, the notion that the American government might cease its self-inflicted wound has filled the traders with a most unusual optimism. A week of volatility, you see. 🙄
Bitcoin, that most unpredictable of commodities, ascended 4.2% to $106,269-fortunes made and lost on the whim of politicians! Ethereum, not to be outdone, leaped 7.4% to $3,643, reclaiming some ground after a rather frightful tumble. Liquidity, it seems, has returned, like a long-lost cousin after a rather embarrassing family scandal.
On Polymarket, that strange bazaar of predictions, the odds of the government opening its doors by November 12th have…surged. A “bipartisan deal” reached late Sunday, securing eight Democratic votes – because of course it came down to a handfull of votes. The agreement kicks the can down the road to January 30th, promises December votes on tax credits. A triumph of compromise, one might say…or perhaps a masterful delay of the inevitable. 🤨
The change in sentiment! Oh, the drama! Just 24 hours prior, the traders feared a shutdown extending into Thanksgiving. Thanksgiving! Imagine, a holiday ruined by bureaucratic ineptitude. The horror!
Now, of course, President Trump-a man not known for his understatement-has declared they are “getting close to the shutdown ending.” Markets, as they always do, treat his utterances as gospel. Truly, a bewildering age in which we live.
Air travel remains in disarray, and welfare programs suffer, with the FAA reducing flights-causing mass cancellations-and the USDA halting food-stamp payments. But never mind the inconvenience of the common man; the markets are relieved! 🎉
Indeed, with Washington finally teetering on the brink of a deal, both stocks and those digital tokens are showing signs of relief after weeks of…well, let us call it “paralysis.” A rather generous term, if you ask me.
However, even this potential reopening does not guarantee happiness for all. The traders, those keen observers of folly, remain dubious about the SEC approving a Cardano ETF before year’s end. A tragic tale of dashed hopes and regulatory delays! 😔
A month ago, the chances of an ADA ETF becoming a reality by 2025 were a hopeful 90%.
Now? A paltry 38%. Oh, the indignity!
Market Movements – Or, The Fickle Dance of Numbers:
BTC: Bitcoin, that untamed beast, climbed 4.2% to $106,269 as traders, in a fit of irrational exuberance, priced in a U.S. government funding deal. And that 40-day shutdown? Poof! Gone, or so they claim.
ETH: Ethereum, ever eager to follow Bitcoin’s lead, jumped 7.4% to $3,643, benefitting from the easing of macroeconomic anxieties and a return of liquidity. A most predictable occurrence, wouldn’t you agree? 😏
Read More
- EUR USD PREDICTION
- TRUMP PREDICTION. TRUMP cryptocurrency
- USD GEL PREDICTION
- EUR ZAR PREDICTION
- FIL PREDICTION. FIL cryptocurrency
- USD CAD PREDICTION
- Brent Oil Forecast
- Silver Rate Forecast
- SUI PREDICTION. SUI cryptocurrency
- EUR IDR PREDICTION
2025-11-10 05:26