The Bureau of Labor Statistics, those tireless scribes of the everyday absurdity, announced on September 11 a 0.4% jump in the Consumer Price Index. A monthly climb that left July’s meek 0.2% shaking in its boots and sent core inflation – that ruthless fellow who ignores the whimsy of food and energy prices – up by 0.3%. An annual rise of 3.1%, no less. As if the world isn’t already spinning fast enough.
Bitcoin is flirting with three-week highs as the US CPI data hits the sweet spot.
And what a day it is! All 20 assets in this illustrious index are trading higher-yes, even the ones you secretly doubted would ever see the light of profitability. A veritable miracle, or perhaps just another Wednesday in the crypto circus. 🎪
Such exits by whales have historically heralded storms of volatility. Some traders see distribution pressure; others call it capitulation-a fancy word for throwing in the towel. But let us not despair yet, for Uniswap still clings to its ascending channel like a stubborn old man refusing to leave his favorite tavern.
So, on September 11th, the markets stayed alive, and the Dow rose more than 170 points (which is… something, I guess?). The CPI data showed consumer prices grew by 0.4% in August. But, you know, no biggie. Wall Street still strutted around with some swagger despite the inflation bombshell. 😎
So here’s the deal: ADA is trading at $0.8775, barely keeping its head above water. This level? It’s like the last piece of pizza at a party-everyone’s trying to get a bite, but no one wants to be the one to take it. And let’s be honest, its bullish momentum is weaker than my coffee after a long night-totally limp, especially compared to those other major altcoins strutting around like they own the place.
Veteran tweeter Vet shared some juicy tidbits in his customary cryptic yet overly enthusiastic fashion:
Among this fortune, 137.03 BTC ($15.63M) made its way into the world, with a modest 5 BTC deposit landing on Kraken’s doorstep. Ah, Kraken-a fine choice for such an ancient treasure, no? Back when these coins were first acquired, Bitcoin was priced at a mere $12. Imagine buying a slice of digital pizza for pocket change and waking up to find it could buy you a small island. 🍕🏝️
Ladies and gentlemen, prepare your wallets and your existential dread! Upbit, the crypto titan of Seoul, has officially dropped Holoworld AI (HOLO) like a hot potato-well, maybe not hot, but definitely volatile. Now you can trade it for KRW, BTC, and USDT, because why not? And get this: Pumpfun (PUMP) is joining the chaos with … Read more
It seems the goal, ever so noble, is to ensure that crypto adoption by banks proceeds with all the safety and decorum expected of such a progressive venture. Hong Kong, with its unflagging ambition, seeks to cast itself as the shining beacon-a veritable paragon-of the crypto world. How lucky for us! The draft guidance, like an invitation to an exclusive soiree, is open for public consultation, with full implementation expected by 2026. Let us all, undoubtedly, await the result with bated breath. 🧐
