The Money Flow Index is throwing acold shoulder-remaining bearish-so, despite the cash pouring in, there’s a whiff of uncertainty in the air. Could be bullish, could be suspiciously bullish, or just indecisive as my Aunt Molière’s cooking.
In a word: Expansion. Partnerships with Bonk (you know, the meme coin that’s like a crypto meme’s cool cousin) and Raydium (aka Solana’s top DEX) are helping USD1 pump some serious liquidity and gain street cred. All the better to compete with those other stablecoins lurking in the shadows.
But here’s where it gets interesting. Raoul Pal, the macro analyst with the optimism of a puppy on caffeine, is practically shouting from the rooftops that a wave of global fiscal and monetary stimulus is coming soon. And yes, dear reader, that’s what he believes will revive the crypto market, like a doctor with a defibrillator.💡
In a post on X (formerly known as Twitter, because why not rename everything?), BNB Chain declared, “Zachxbt is now supporting the BNB Chain community to help keep the ecosystem cleaner, fairer, and more transparent.” 🧼✨ Translation: We’re kicking scammers to the curb faster than you can say, “It’s good to be the king!”
HBAR decided to be extra on Tuesday, gaining 1.31% and hitting $0.1725 while the volume decided to show up 38% higher than the usual. It’s like the crypto market has a new crush. 😏 Despite there being no juicy fundamental news, the increased volume suggests traders are taking a second look at the Hedera network token-maybe with some heart-eye emojis attached.
Solana (SOL), after weeks of selling pressure that would make a Victorian parson weep, now clings to $142-$145 with the desperation of a gambler betting on a roulette wheel. This level, though tested twice, holds firm-like a well-tied cravat at a dinner party. Is it an oversold bounce? Or merely the market’s way of saying, “I’m fine, honestly?”
“The days of 1% Bitcoin allocations are as passé as a top hat at a tech conference,” Hougan proclaims, his tone dripping with the kind of certainty that makes one wonder if he’s consulted a crystal ball. 🔮
In case you’re wondering, XRP didn’t just stroll in and sit down; no, it went and showed up the other altcoins-including the likes of Solana and Cardano. You might want to take a seat for this one because XRP’s AA rating comes with an overall score of 95, which is a few points above ‘impressive’-we’re talking straight-A student material.🎓
On Bloomberg Crypto (because where else?), Lummis addressed the burning question: are we selling our gold for Bitcoin? Her answer: nope, not yet, but hey, we’re looking at “other ideas.” Other ideas like… maybe magic? Or selling lemonade at the Senate steps? Who knows. Secretary Scott Bessent is apparently also “looking at those matters,” which is a fancy way of saying, “We’re thinking about it… sometimes.” 😬
On the daily chart, bitcoin is dragging a red cape behind it like a battle-worn matador. The sharp fall from $126,000 to a local low of $98,898 was painted with heavy red candles and panic-selling volume – classic signs of capitulation. The presence of a doji near the bottom hints at potential stabilization, but don’t grab the confetti just yet. 🕵️♂️