This “channel” is less of a mathematical construct and more a cosmic joke. Will Bitcoin escape? Will you win the lottery? Will a whale fall out of the sky onto your portfolio? The answer is: possibly. 🐳💥
Riot Platforms produced 450 Bitcoin (BTC) in the month, a 12% decline from May, when the firm mined 514 BTC, it stated in an announcement on Thursday. 😱
Currently, XRP is sitting pretty at $2.29. But hold your horses — it’s still 67.68% below its all-time high of $3.84. But here’s the kicker: experts are starting to whisper that things could change very, very quickly. ⏳
This technical bounce coincides with a 15.78% surge in Open Interest to $2.09 billion and an explosive 402% increase in Options volume—signaling that traders are aggressively positioning for further upside. The move suggests growing speculative interest, likely targeting the $0.19 mid-range resistance, with potential continuation toward $0.26 if momentum holds. 📈
As the powers that be at Coinbase Assets have decreed, Wormhole shall be added to their suite of digital asset products. One can almost hear the trumpets blaring in celebration 🎺. For what is Wormhole, you ask? It is a project of interoperability, a bridge between the isolated islands of blockchain, allowing them to communicate with one another in a manner befitting the digital age.
And if you thought that was bad, the SOL price has been consistently closing below the 50-weekly Moving Average (MA) for the larger part since March. From a technical analysis standpoint, the SOL price has been forming a potential head and shoulders (H&S) pattern, coupled with a bearish divergence of the weekly Relative Strength Index (RSI). It’s like the market is trying to tell us something, but in a very roundabout way, much like a Discworld prophecy. 📜
But wait! There’s more. This wasn’t just a random price spike. Oh no, Cardano’s market cap shot above $21 billion. Yes, that’s right. All this magic happened after Fluid Tokens made a breakthrough by conducting the first on-chain transaction proving the Bitcoin state on Cardano. That’s a lot of technical mumbo jumbo, but essentially, it’s the beginning of a Cardano–Bitcoin bridge. Fancy, right? But don’t start booking your flight tickets to the moon just yet.
But wait, here comes Fidelity with its ever-hungry wallet, gobbling up over $183 million in one day, thanks to their Wise Origin Bitcoin Fund (FBTC). Who said only the big guys like BlackRock get to play in the crypto playground? Oh no, no. Fidelity has taken the spotlight with an audacious entrance that’s been all the rage, according to Arkham’s data. 📊
The Solana Post’s recent post reveals that PENGU is now trending on CoinMarketCap, rubbing shoulders with the likes of Bitcoin and Ethereum. The meme coin crowd is turning its attention to this little penguin, pushing it into the spotlight. At just over a cent, it’s low-cap but clearly on the radar. 📈👀
Bitcoin’s bearish divergences on multiple time frames hint at a weak bullish momentum and a potential pullback. 📉
