But fear not, for this selling activity comes amidst a growing excitement in Ethereum’s institutional investment landscape. According to the ever-reliable SoSoValue, spot ETH ETFs attracted a staggering $205 million in net inflows yesterday, marking the sixth straight day of positive momentum. Quite the impressive streak, wouldn’t you agree?
Meanwhile, Tether continued its blockchain cleanup, GMX’s hacker had a change of heart, and Coinbase made an AI-powered move.
Now, hold onto your hats! Analysts are gabbling away that Bitcoin could reach a jaw-dropping $250,000 by the end of the year. Yes, you heard it right! Thomas Lee of Fundstrat Capital is convinced that a little supply-demand tango might just catapult BTC from its current couch to the moon! 🚀💥
Let’s take a gander at the top five weekly gainers based on price performance:
As XRP teeters on the edge of the $3 mark, its market cap a staggering $170 billion, Asakura points to the token’s expanding global adoption and long-term utility as the reason for its success. Banks and institutions, it seems, are finally taking notice. And why not? XRP’s role in cross-border finance is nothing short of strategic. 💸
In a most astonishing turn of events, Kraken hath declared it shall bestow upon those unfortunate victims of the illustrious Pump.fun token sale a most coveted airdrop of $PUMP tokens. Alas, many were thwarted in their desire to procure these precious tokens, leaving them in a state of dismay.
This staggering sum would place Satoshi as the 11th richest person on earth, just ahead of Michael Dell’s $125 billion and trailing Sergey Brin’s $140 billion. However, it seems that Satoshi has no intention of cashing in on his fortune, as moving those coins could potentially crash the market. Thus, his wealth remains trapped in the digital ether.
According to an analyst, if the price can close above $3, it could quickly climb toward its all-time high near $3.40. 🤑 But for now, the $2.80 to $3.00 range is acting as a major hurdle. This zone has historically been a strong resistance area, both from past price action and key Fibonacci levels. Until XRP breaks through this, the price may continue to struggle around these levels. 😒
In what can only be described as a geopolitical display of “Look Ma, no hands!”, Bhutan’s sovereign investment fund, Druk Holding and Investments, made waves on Wednesday by lobbing 213.5 BTC (worth about $23.73 million) into a Binance deposit address. This marks two weeks of hearty transfers from the land of the Thunder Dragon—perhaps they’re hoarding Bitcoin like it’s a limited edition collectible trading card. Who knew the Himalayas could be so economically adventurous?
Now, let’s talk momentum, shall we? When XRP decides to make a move, it’s like a toddler chasing a puppy—can go up or come crashing down faster than my hopes of seeing a unicorn. Right now, it’s clearly strutting its stuff upward, having recently fought its way through the key resistance area between $2.55 and $2.62. Next stop? The magical land of $3—where dreams, rainbows, and hopefully profits live! 🌈💰