And so, it rests-at $850, a modest figure of triumph and trepidation, up just a smidge in 24 hours, but down a fair bit since last week. Its chart looks like a clipped winged bird, repeatedly darting up to the top of a channel only to tumble back, caught in a loop of aspiration and retest-ah, the graceful tragedy of markets.
If this crowded trade goes awry, the fallout could hit crypto markets faster than a Wall Street banker’s morning espresso. ☕️
So, here’s the backstory. A Bitcoin holder from the legendary “Satoshi era” (no, not the moon, but close) decided to cash in some of their dusty coins that had been sitting untouched for years. CryptoQuant’s Maartunn called it the “wild on-chain story of the day.” And honestly, at this point, anything with the word ‘wild’ in it should come with popcorn. 🍿
XRP, the cryptocurrency that refuses to be ignored, continues to elbow its way into the mainstream financial world. In an almost melodramatic turn of events, IMF FinTech Notes has officially added the beloved altcoin to its global financial glossary. This, of course, signals the increasing interest and undeniable acceptance of XRP in the realm of serious finance. Who would’ve thought?
And what’s next? The big question-does ETH bounce back like a rubber ball, or does it just fall deeper into the abyss? The market’s mood is as fragile as grandma’s antique china, but hey, if Uncle Sam’s stock market decides to get its groove back, crypto might just throw a celebratory dance! 💥🕺
Ah, Solana! Back from the brink, flirting with $140 like a suitor with a bouquet of roses. The market, once a grieving widow, now remembers the thrill of a bull run. How fickle these crypto hearts are! 💔❤️
Ah, Dave Portnoy. The man who once made headlines for selling his Bitcoin holdings at the worst possible moment, has now returned to crypto with all the finesse of a well-timed rerun. Having purchased a staggering $1 million worth of XRP tokens, Portnoy found himself celebrating just as the crypto market’s collective stomach flipped from a plummet on November 21. Yet, rather than retreating like a sensible person, Dave decided it was time to double down-seizing the volatility as an opportunity to buy more, because, why not?
Franklin Templeton’s magic trick? They’ll rebalance every three months, folks. Yes, three months. No need to worry, they’ve got the digital assets (in-kind creation and redemption) to back it all up. 🪄✨
According to a report from the San Francisco Chronicle, the fateful heist occurred on a Saturday evening, when one might have expected nothing more than a peaceful stroll through the neighborhood. But, alas! The crime took place on the unit block of Dorland Street, conveniently close to Mission Dolores Park, a place known for its scenic beauty and-unfortunately-its tech-rich denizens who seem to attract the attention of rather unsavory characters. And there, in broad daylight, a man whose appearance was perhaps best described as “suspiciously incognito” made his move.
The chart, a map of despair, pointed to the same old range: $88,000 to $92,000. A no-man’s land where traders circled like vultures, waiting for a sign. Brandt, the sage of the markets, declared this the only ground that mattered. But it wasn’t a stand-it was a stumble, a reaction to the storm rather than a dance in the rain.
