Behold, the soothsayer Merlijn The Trader, with his charts and his waves, proclaims a pattern as old as the blockchain itself. Three acts in this tragicomic play: the impulsive rally, the corrective drop, and the grand breakout. Now, we wallow in the second act, the correction, where hope and despair waltz in equal measure.
HBAR, the digital currency that’s as unpredictable as my nephew’s mood swings, climbed 2.38% to $0.144. Trading volume surged 59% above its weekly average, thanks to Axelar’s new integration-basically, it’s like giving a cat a laser pointer, but for blockchains. 🐱✨
This bit of news has propelled the Nasdaq to a lively increase of 2.3% by noon on the East Coast, and the S&P 500 has followed suit with an ascent of 1.4%. Bless their eager hearts.
Over four weeks, investors have flushed out nearly $4.92 billion – a tidy sum equivalent to a fraction of your yearly rent – representing almost 3% of all assets under management, just casually sliding down the financial heap. But fear not! On Friday, an unexpected $258 million made its way in, as if the market thought, “Hey! Maybe this isn’t such a disaster after all?” 🤔
Ah, the recent crash! It didn’t just wipe out billions; it yanked the rug out from under the Trumps’ crypto circus. 🎪💥 Turns out, their financial tightrope act was less “diversified portfolio” and more “all eggs in one wobbly basket.” 🥚🧺
On November 24, the stars aligned, and Abu Dhabi’s Financial Services Regulatory Authority bestowed upon Animoca Brands the sacred in-principle approval. A mere prelude, of course, to the full licensing symphony that awaits. 🎶📜 The Hong Kong-based firm, with its 600-strong portfolio of web3 wonders, now prepares to conduct its institutional investment orchestra in the UAE. 🎮🎼
So, Franklin Templeton-the financial giant with $1.69 trillion in its piggy bank-got the green light to list its XRP spot ETF on NYSE Arca under the ticker XRPZ. 🤑 And guess what? NYSE also cleared Grayscale’s XRP and DOGE products. Institutional spotlight? More like a Broadway premiere for XRP. 🎭
Yet, alas! A shadow looms, a bearish wall of doom, ready to thwart thy ascent. Will thou conquer, or wilt thou falter? The drama unfolds! 🎭
Ah, the Americans and their incessant need to quantify… everything! This week, it seems, they’ve decided to unleash a veritable torrent of numbers upon the world – inflation here, employment there, a veritable obsession with the mundane. And we, poor souls tethered to the global economy, must brace ourselves. Volatility, they whisper. Volatility! As if the human condition isn’t volatile enough already. 🙄 Stocks and those… digital currencies, they say, will tremble. Tremble, I tell you, like guilty men before a judge. All because of what the Federal Reserve might do. Such power… such anxiety. And liquidity, that elusive phantom, is dwindling, of course. Always dwindling. It’s a cruel jest of the market gods, is it not? 😄
