The hourly chart’s yawn is as disarming as a poorly-plotted ballroom minuet. Bitcoin, after a feeble attempt to reclaim $92,600 (a sum surely worth three fortunes in Hertfordshire), stumbled to $88,100. Now it meanders like a drowsy footman between $89,200 and $89,900-demure as a proper lady on a Sunday stroll.
But let us descend into the muck, shall we? How does XRP fare in this grand charade of inflows and price movements? Does it stand tall, or does it crumble like a house of cards in a tempest? The answer, my dear reader, is as convoluted as the human soul itself.
The downward spiral, a spectacle of growing unease, leaves investors clutching their pearls and wondering whether SOL shall continue its descent into the abyss or find a modicum of support for a reversal. A drama most exquisite, indeed. 🎭
Behind the scenes, the Pi squad has rolled out their AI-powered magic tricks-because why walk when you can fly? These bots are slicing wait times in half, so Mainnet might just throw a party 🎉 for the 17.5 million already verified. Not forgetting the 3 million still stuck in the bureaucratic labyrinth. Pressure’s on, eh?
Amid the cacophony of market hysteria, Phong Le, the helmsman of Strategy, has erected a bulwark-a $1.44 billion reserve, a testament to the company’s resolve in the face of Bitcoin’s unrelenting tumult. This move, as grandiose as it is pragmatic, seeks to quell the murmurs of uncertainty that have haunted the halls of finance, where every dip in Bitcoin’s value is met with the specter of liquidation looming large. 🦹♂️💼
Seven heavyweight financial associations, led by the National Internet Finance Association of China, have banded together to declare RWAs and virtual currencies persona non grata. They’re calling them risky, unapproved, and, wait for it… illegal! 📜🚔
The Bitcoin Spot ETF most hurt by this mass exodus? Why, none other than BlackRock’s IBIT, which saw a dramatic $112.96 million in net outflows. But don’t worry, it still has a whopping historical net inflow of $62.55 billion. Just a casual pocket change in the grand scheme of things.
Unfortunately, the price isn’t quite ready to breakdance: sitting around $2.05, XRP took a 4% dip today, confirming that it’s still hanging out in its downward channel. It’s unwilling to wrestle its way above the 50, 100, and 200-day trendlines-those persistent gremlins of resistance. As for the charts? Well, they look about as promising as a soggy biscuit. Attempts to pierce resistance? No success, just rejection candles giving it the cold shoulder.
This “Rekt Fencer” – sounds like a guy who spends too much time on the internet – is saying it’s a “massive bull trap.” A trap for bulls! What’s next, a bear scheme? It means it looks good going up, then WHAMMO! Down it goes! Like a vaudeville routine with a really bad ending.📉
