Let’s take a gander at the numbers. Bitcoin’s just ripped past the $122k mark with a 2.42% intra-day move. That’s no small potatoes, friends. In fact, it’s the most aggressive rally of the cycle so far. And we’re not just talking about your run-of-the-mill, everyday rally. No sir, this one’s got some serious oomph behind it. 💪
Just when you thought it couldn’t bounce any higher, the world’s leading digital coin decided to make a real spectacle of itself, much like an overenthusiastic peacock at a poultry pageant. After a week of frolicking in financial fields, the BTC price has soared to laudable new altitudes, with analysts scratching their heads and adjusting their monocles, stating this is just another tiny bump on the winding road to even higher highs—like a particularly harrowing rollercoaster ride. 🎢
But hold onto your hats, because this surge has some folks worried about a potential profit-taking party. The Chaikin Money Flow (CMF) indicator is showing some serious inflows into HBAR, which is great news for now, but it could also mean we’re getting close to overbought territory. If the rally cools down, we might see a pullback. 😱
Bank of Ghana Moves to Tighten Crypto Rules The new rule is the move by BoG to prepare for tougher crypto laws and regulations. Currently, a number of crypto firms exist in Ghana with no clear regulations. Due to this, the central bank wishes to obtain data as to who operates in the market. This information will assist the bank to have good and equitable regulations in future.
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With over 597,000 BTC, which is a whopping 3% of Bitcoin’s total supply, this business intelligence company turned Bitcoin proxy is now what some folks are calling “crypto’s biggest liquidation risk.”
On a fine Sunday, bitcoin (BTC), the darling of the crypto world, soared to the dizzying heights of $119,000, reaching a new all-time high of $119,444 on the esteemed Bitstamp exchange. Throughout the week, BTC has continued its meteoric rise, breaking through the $112,000 barrier and climbing ever higher. Yet, despite this spectacular performance, the public’s curiosity, as measured by Google search activity, remains as tepid as a lukewarm cup of tea.
“Imagine for a moment,” he mused, “what if we were to redefine this entire narrative, shifting from 21 million coins to a staggering 21 billion? When one considers the ramifications of renaming each Bitcoin as 100K satoshis (not the commonplace 100M), the actual emission remains unchanged! Yet, would such a stroke of genius still evoke that precious feeling of scarcity?” He posed this rhetorical question on the hallowed abodes of X, asserting with indignant flair that the count of Bitcoin is “actually meaningless,” while undeniably proclaiming that “It’s the satoshi supply that counts.” Quite the philosophical conundrum, wouldn’t you agree? 🤔
According to Sethi, the PUMP sale was completed in less than sixty seconds, and the supply couldn’t meet the demand. A lot of people who came early in time attempted to purchase tokens but were unable to complete their orders due to system problems. Kraken verified its on-site order histories and user activity to identify the affected party.
But fear not, for this selling activity comes amidst a growing excitement in Ethereum’s institutional investment landscape. According to the ever-reliable SoSoValue, spot ETH ETFs attracted a staggering $205 million in net inflows yesterday, marking the sixth straight day of positive momentum. Quite the impressive streak, wouldn’t you agree?