Everyone’s talking about ZEC’s price going up, which is nice for whoever bought it low. But the truly fascinating thing is the subsequent surge in hash power. It’s like a gold rush, but with more electricity bills and the nagging suspicion that it’s all going to collapse at any moment. 🙄
One might be forgiven for imagining that the digital economy had been placed in the hands of a particularly inept butler, given the spectacle of Amazon Web Services collapsing yet again on Oct. 20. Coinbase, Robinhood, and Coinmarketcap-those paragons of financial innovation-were left gasping like debutantes at a power outage. And, darling, there was a second hiccup ten days later. How déclassé.
Although the underlying cause is still a mystery, this spike is consistent with an increase in transactional activity and payment volume throughout the network, suggesting a resurgence of user interest 🤝. On-chain data shows that on Nov. 1, the number of payments between accounts exceeded 1 million, and the payment volume increased to more than 1.2 billion XRP 🤑.
History, that fickle mistress, whispers that fresh liquidity often sets the stage for BTC’s grand pirouettes. With macro sentiment shifting like a chameleon on a plaid couch, Bitcoin’s Q4 run appears merely delayed, not denied. After all, who needs a prompt finale when the encore promises to be so dazzling? ✨
Bitcoin, the stalwart of the crypto realm, rose 0.67% to $110,700, while Ethereum, ever the loyal companion, climbed to $3,850. XRP, the underdog, surged 11%, reclaiming its throne as the fourth-largest crypto. 🦍 The market, once a desolate wasteland, now sparkled with hope. 🌈
Despite all the flirty technical patterns, BTC refuses to put a ring on this breakout. On-chain data is basically the couples therapist explaining why this relationship isn’t moving to the next level.
Bitcoin appears to be forming a triangle. A retest of $107,500 support could come before another push toward $115,000 resistance.
Until this equilibrium shatters-and it will, my dear, it always does-the market remains in its tedious accumulation and consolidation phase. Expect volatility to compress like a corset before the next dramatic impulse move. 🌪️
The Singapore-perched enterprise, Canaan Inc. (Nasdaq: CAN), whispers that this venture shall buttress grid fidelity by nimbly tweaking frequency, voltage, and hashrate-smoothing those pesky power capers like a butterfly’s wingbeat in a Lolita breeze. 🦋
Ah, Robert Kiyosaki, the author of the ever-popular “Rich Dad Poor Dad,” which has made him a household name-well, at least in households that like to talk about financial freedom. He’s back with a warning that will surely keep you awake at night. It’s been over two decades since his book first sold like hotcakes, and now he’s telling us all that the global financial system is crumbling faster than a house of cards in a windstorm.
