Just last week, a staggering $630 billion flowed into the altcoin sector, just as Bitcoin dominance (BTC.D) took a sharp nosedive from the 66% resistance, a level not seen since 2021. 📉
EigenLayer, the restaking protocol that underpins the project, and its data-availability sibling EigenDA will remain online as part of EigenCloud, Kannan added in a separate post.
The US dollar index (DXY) is not just below its average—it’s taking up residency in the basement, more than six points under the 200-day moving average. Mazel tov, DXY, really earning that participation trophy!
One clever chap, Darkfost from CryptoQuant, has been analyzing the situation, and his findings are quite intriguing. 🧐 It appears the U.S. Dollar Index has plummeted to a 21-year low, a whopping 6.5 points below its 200-day moving average! 📉 That’s the largest gap seen in, well, a very long time indeed! 🙅♂️
In the mystical realm of 2025, three brave altcoins are considered strong contenders to ignite these celestial candles: Ethereum (ETH), XRP, and Pi Network. But what sorcery drives these predictions? 🔮
The Spot-Perpetual Price Delta: what stage! This melancholy gap has haunted Binance since December 2024, lingering like guilt after an ill-conceived confession. It’s almost Dostoevskian in its stubbornness.
Those most esteemed of investors, the institutions and crypto whales, are accumulating BTC with all the fervor of a Moscow merchant at a bazaar 🛍️.
This isn’t just a minor bureaucratic shuffle—no, it’s the Kremlin’s grand attempt to tame the wild west of digital assets. In the end, this will be a masterstroke of regulation and control, no doubt. A bold move with potential consequences for miners, the energy sector, and Russia’s shiny future in the crypto world.
1. Hosico Cat (HOSICO)
And here’s the real kicker—Ethereum has been on a wild ride since the announcement, climbing to $2,606.26. A neat 2.69% gain in just 24 hours. Market sentiment is bubbling up like a soda can that’s been shaken, and people are buying into the hype.
