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. 🕵️♂️
Mignolet, the analyst with a mind like a weathered ledger, declares the rhythm of the market has shifted, but the song remains loud. Before the ETFs, folks fixated on ratios like a farmer on the moon phases. Now? They’ve learned to listen to the soil’s whispers-volume data, once ignored, now sings a different tune.
These are no mere mortals trading bits of code; these are the ancient guardians of the digital gold, those who have clung to their coins since the dawn of the blockchain. Their selling? A storm of fear, a tempest that shakes the very foundations of the market. 🌪️
The idea, they claim, is to beef up the Indian Rupee, tying these digital tokens to sovereign debt like a farmer ties his ox to the plow. 🌾 It’s all legal, mind you, playin’ nice with India’s rules. ARC’s supposed to be quicker than a jackrabbit and cheaper than a street-side samosa, a slap in the face to them traditional payments and foreign-backed stablecoins. Modernizin’ India’s financial ecosystem, they say. Sounds like they’re tryin’ to turn a bullock cart into a spaceship. 🚀
The token’s latest leap, from $0.00022119 to $0.00022183, is a mere prelude to the grand finale of its pre-launch phase. Imagine, if you will, a world where fractions of a cent are celebrated like the fall of empires. Or perhaps not-this is crypto, after all. 🌟
So, here we are, folks-Bitcoin dipped below $100,000 for the first time since June. Cue the collective crypto gasp. The grand old crypto, which just couldn’t resist flirting with the $100k mark, has officially hit a road bump, dropping to $98,951. Gasp, gasp, gasp.
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According to the sagacious data from Farside Investors, the spot Bitcoin (BTC) ETFs endured a $578 million deluge of outflows on Tuesday, a veritable tempest since mid-October. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s FBTC, the titans of the financial world, were the chief culprits, their withdrawals a testament to the fickle nature of markets. 🧠
