After a valiant attempt to conquer $830, our hero-BNB-ended up humbled, retracing steps below $820, like No. 2 in some financial relay race. Ethereum and Bitcoin followed suit, showing peer solidarity in downturns.
As the sun rose on August 1, Hong Kong’s stablecoin royalty manifested its stewardship, granting noble licenses fit for those daring to issue fiat-pegged digital riddles. This paved the way, much like an intricate mandala, for enterprise titans to weave their own narratives.
Remember those early days, late 2020? Ripple allegedly selling XRP without a proper license-like a bad date that drags on and on. This legal circus became the main event in the ongoing reality show of crypto versus regulators. Now, the big showdown is over, and everyone can finally breathe a sigh of relief-or scoff and order another coffee, your choice. ☕️
At present, dear reader, Bitcoin is exchanging hands at the princely sum of $120,130, a mere stone’s throw from the lofty peak of $122,335 reached last week. Though the short-term trend is as robust as a young gentleman’s constitution, the market is ever vigilant, watching over two significant support zones – at $102,200 and $92,876 – which have served as a gentle cradle during the recent turbulence.
According to the company’s own tellin’, BitMine is sittin’ pretty on a pile of 1.15 million ETH as of August 10th – a stash worth a cool $4.96 billion, if you please! Just a week ago, they had a mere 833,137 ETH, worth a paltry $3 billion. A feller could get lost in all those zeroes, I reckon. Markets, bein’ markets, have reacted faster’n a greased pig at a county fair.
Wall Street is basically doing a TikTok dance to the crypto beat 🕺💸, and everyone’s watching. Nate Geraci, who probably has more ETFs than a stockbroker’s resume, dropped some stats so spicy even a Bitcoin whale would blush. 🐟🔥
Listen closely and you will hear the clatter: for three consecutive dawns the spot-ETF coffers have slurped up a tidy $773 million, a sum grander than the yearly beet budget of seventeen districts. BlackRock’s IBIT now guards eighty billion in shining satoshis-only fourteen more and the golden calf itself begins to perspire with envy.
So, what’s happening? Well, some on-chain signals and charts suggest that sellers may be licking their chops, ready to take their profits. Yes, it looks like we might be in for a short-term breather or a dip. Everything hinges on one crucial support level. Who knew a meme coin could be so… dramatic?
Fear not, dear reader, for BeInCrypto has donned its pointy hat and peered into the crystal ball to bring you three Made in USA coins worth watching. Or ignoring. Your choice. 🧙♂️✨
Pudgy Penguins is soaring 5.20% to $0.0405, making it the cool kid in a sea of struggling meme coins. Dogecoin, Shiba Inu, and Pepe are all taking a nosedive, but PENGU is like the penguin who learned to fly-climbing higher while everyone else is flapping around in confusion. This performance suggests that the meme coin world might be shifting its attention to projects with more oomph and a dedicated fan base. 🚀🎉