Two weeks ago, Ethena escaped a “descending channel”âa fancy term for the financial equivalent of a sinking spaceship. From $0.25 to $0.499? Thatâs not a rally, itâs a relativity-defying warp jump.
A golden cross, that most auspicious of technical indicators, hath emerged on Bitcoin’s daily chart, like a phoenix from the ashes đŠ. The 50-day simple moving average (SMA) hath crossed above the 200-day SMA, forming a pattern that historically precedes significant bull markets, or so the sages claim đź.
And then, as if on cue, the villains arrived. President Trump, proving he still enjoys a bit of attention, signed a stablecoin law. One imagines he simply enjoys the spectacle. JPMorgan, ever the pragmatist, seems to be cautiously sniffing around digital dollars, while Australia has decided crypto is simply dreadful and a breeding ground for financial miscreants. How terribly predictable. But the real drama? Exchanges being relieved of vast sums of money, naturally. đž
Take last Friday, July 18, for instance. President Donald Trump signed the first crypto bill, the GENIUS Act, into law. Now, I’m no political pundit, but I do know a thing or two about timing. And boy, did those spot Bitcoin ETFs time their daily capital inflows perfectly! đŻđ°
Meet the illustrious John von Seggern, an online maestro at the Futureproof Music School, a hidey-hole for those who dream of mastering electronic music. đ¶ Heâs got a brand-new shiny AI assistant that does everything except make his morning coffeeâtrust me, he wishes! This savvy assistant helps him sprinkle some extra magic dust over his courses so his students can waltz through their lessons without a hitch.
The ASI score has jumped 12 points in four days, which, in normal-person terms, means everyoneâs suddenly an expert on obscure coins named after PokĂ©mon. Just 24 more points, and weâll officially be in “altcoin season,” which is like regular season but with more regret and fewer tax deductions.
So, guess what? We’ve got ourselves a bit of a tango between traditional finance and crypto. Sure, the US markets and Bitcoin havenât been co-starring like they used to, but can we all agree thereâs a whiff of a connection? It’s the awkward ex-couple vibe. đ
Tron [TRX], that digital darling of the masses, now teeters on the edge of decline, having lost its local support like a drunkard losing his footing on an icy Moscow street. AMBCryptoâs analysisâconducted with all the solemnity of a Tolstoyan narratorâreveals a great dumping of TRX tokens upon exchanges, as if the peasants had suddenly decided to revolt against their crypto overlords.
Now, don’t get too comfortable just yet. The market is full of tricks, and our dear BTC might just surprise us. We shall wait and see, my friends, but it seems like the $111K zone is calling out like an old friend who hasnât been visited in a while. A rather charming old friend, donât you think?
So, the big olâ crypto coin has been shuffling above the $118K mark for the past two days, despite some folks taking profits faster than a kid devours cake. The marketâs still screaming âHURRY UP, RICHES!â with a greed index lounging at a modest 68. Think of it like a buffetâtheyâre still hungry, but not gorging themselves just yet.
