But fear not, crypto enthusiasts! While Ethereum was busy face-planting, Bitcoin ETFs were out there doing the electric slide, raking in $198 million in net inflows for their ninth consecutive day of gains. 🎉🕺 Bitcoin, the cool older sibling, just keeps flexing with its $121,373 price tag and $2.42 trillion market cap. Ethereum, honey, you’ve got some catching up to do. 🏃♀️💨
After that jolly good show earlier in the week, the $BTC price has had the market in a bit of a tizzy, salivating like a spaniel at the thought of another upward jaunt. This current retracement, though, looks rather like a chap pausing to tie his shoe before dashing off to the next soiree. In the 4-hour chart above-which I’m sure you’re all squinting at with great interest-one can observe a downward trend, with a candle wick that’s almost tickled the 0.382 Fibonacci level. Could this be the local bottom? One can only hope, what? 🕺
In their report, “Gold’s Reign, Bitcoin’s Rise: The Future of Central Bank Reserves,” gold is cast as the bedrock of the 20th century while Bitcoin is waved at like a shiny, slightly suspicious cousin from the 21st. They claim Bitcoin isn’t backed by a hunk of metal, but behaves like gold in practice, with volatility finally dropping to levels that won’t frighten pension funds into spontaneous acts of sprinting. 🧭✨
Ah, the illustrious Sharps Technology, that charming company of Solana connoisseurs, has come into an agreement with Coinbase Global. The intention? To fortify the acquisition of Solana (SOL) at a time when institutional adoption feels rather like sipping vintage wine at a noisy tavern-exhilarating yet unpredictable. This little arrangement found its way into the limelight last Thursday, much like an unexpected guest at a dinner party.
The survey, conjured by McLaughlin & Associates for The Digital Chamber, wriggled its way through 800 grown-ups and captured opinions that could nudge campaigns to tailor their policy songs ahead of the 2026 midterms.
Brandt, with his charts and triangles, speaks of a descending pattern, a geometric harbinger of doom. “If XRP closes below $2.68,” he intones, his voice heavy with the weight of prophecy, “it shall plummet to $2.20, a fall as inevitable as the march of time itself.” But is this not the same Brandt who once declared, “The market is a fickle mistress”? 🧐
According to onchain data, long-term holders have started taking profits, a behavior often seen during key inflection points in the market. While this wave of distribution has not yet reached extreme levels, it does highlight a gradual transfer of coins from seasoned investors to newer participants – a dynamic that can precede increased volatility. 🎯
Ah, the United States-land of the free, home of the brave, and battleground of endless regulatory skirmishes over digital assets. Coinbase (Nasdaq: COIN), that tireless evangelist of crypto redemption, has declared on Oct. 8 that staking-yes, staking!-is now available to the long-suffering citizens of New York. One might call it progress. Others might call it desperation. Who’s to say?
Such a movement, as it were, heralds the gradual ascent of cryptocurrency into the esteemed ranks of assets whom the hand of the institution seeks to court. No longer confined to the realm of speculative whimsy, Bitcoin endeavors to claim its station amongst the treasures of traditional value and the stalwarts of defence against inflation.
“Conservative advice back then: ‘allocate 1% of your NW to Bitcoin,’” Virza quipped on October 7, with all the gravitas of a man who’s just realized his monocle is, in fact, a magnifying glass. “Conservative advice today: ‘encrypt at least 1% of your Bitcoin.’” Ah, the evolution of the gentry-from hoarding gold to hiding it. How quaint. 🧐
