In a tweet, McGlone, with the precision of a naturalist cataloging the habits of some rare species, declares that the Bloomberg Galaxy Crypto Index and the S&P 500 have “flatlined against gold” these past eight years. Ah, the irony! While in dollars they swell like a summer storm, in gold’s steadfast gaze, they are but shadows, fleeting and insubstantial. 🌪️💸
According to the sacred scrolls of data, this golden crossover materialized when Bitcoin Cash’s nine-day moving average soared above the 26-day moving average-like a chubby child surpassing his peers at a pie-eating contest. 🍰 Such an occurrence, indeed, heralds bullish momentum, especially when coupled with a spike in trading volume, which can only be described as a hearty cheer from the market’s enthusiastic denizens.
The alchemists at Futian Investment Holding have transmuted 500 million yuan (≈$70 million) into a tokenized mirage, listed on Ethereum like a modern-day indulgence. Two-year maturity, 2.62% yield-because even in the People’s Republic, capitalism whispers sweetly through the blockchain. 🧾
Let us begin with the weekly chart, where XRP finds itself trapped between the mid-band at $2.60 and the upper cap at $3.40. It’s like being stuck in an elevator between floors-awkward, tense, and with no clear way out. Sellers are clearly the dominant force here, as the price remains stubbornly below the middle line. Closing above that pivot point? Ha! One might as well hope for rain in the Sahara. 🏜️
L’or n’a jamais vraiment quitté son rôle de valeur refuge, mais en ce moment, il reprend toute sa force. Avec la croissance qui ralentit et des signaux économiques de plus en plus fragiles, les investisseurs institutionnels cherchent du solide, du palpable. Résultat : ils se replient sur le métal jaune. Le timing joue aussi en sa faveur : le dollar faiblit et les banques centrales achètent massivement, ce qui fait grimper encore plus la demande. Ce record historique n’est pas juste symbolique, il traduit une soif de sécurité absolue. Quand les marchés vacillent, l’or attire naturellement les capitaux souvent au détriment d’actifs jugés plus risqués, comme le Bitcoin. 🌟
At this critical juncture-think of it as the financial equivalent of Balancing on a Big Fat Hill-Cardano is doing a graceful dance around the $0.79 zone. This region, fortified by the mystical convergence of Fibonacci and Bollinger’s lower bounding reassurance, has become the steadfast anchor in a sea of digital dice rolling. With the Grayscale ADA ETF deadline looming like a particularly impatient hawk, ADA might just be gearing up for a breakout. If it does, it’ll be like watching a caffeinated squirrel try to conquer a tree-hopeful and a little chaotic.
Bitcoin [BTC], that restless spirit of the digital steppe, closed August with a whimper, its mid-year vigor snuffed out like a candle in a draft. A 6.49% decline-a small wound, perhaps, but enough to stir the ghosts of late-summer weakness. 🍂💔
Bitcoin has tumbled down to the $107,000 mark, but don’t you go thinking it’s ready to roll over. Carmelo Aleman, a market guru who knows his way around a crypto chart, shared some food for thought on the CryptoQuant platform. He reckons the bull market ain’t over ’til the fat lady sings, and she hasn’t even warmed up her vocal cords yet. The indicators he’s watching-investor behavior, network activity, and the resolve of those long-term holders-are all showing signs of life, even as BTC takes a dip.
In a move that makes even the most hardened HODLer do a double-take, a whopping 220 million BGB tokens went up in smoke-poof-gone! It’s like burning calories but in crypto form-only worse, because they literally destroyed them. 🔥 The remaining 220 million tokens, under Bitget’s watchful eye, are now cozying up with the Morph Foundation-they’re officially locked away, but don’t worry, they’ll unlock a teensy bit-2%-every month. Slowly but surely, these funds will juice up liquidity, grow the ecosystem, and make learning about crypto as fun as a rollercoaster ride. 🎢