Bitcoin Hits $111K, Dogecoin Dodges Zero, $575M Shorts Vanish: Crypto News Digest
This includes both short-term and long-term holders — a historic moment for BTC adoption.
This includes both short-term and long-term holders — a historic moment for BTC adoption.
A question lingers in the rafters of crypto Twitter, echoing like a long-forgotten melody: what if PENGU were to achieve a growth trajectory akin to that of the infamous Dogecoin? 🤔 Indeed, one enthusiastic soul, MK, has posited that should PENGU ever approach Dogecoin’s market cap, it might waddle—rather grandly—up to a price of $0.42. A veritable feast for speculative minds, indeed, as it would mean a jump of 22 times its current stature. And if it were to reach for the stars, soaring to DOGE’s all-time high, we might behold a comical figure of $1.41. What a delightful notion! 🎈
Behold the daily SEI/USDT chart graced by the ever-enigmatic Ambitcoin, revealing a tale of a multi-month accumulation phase that has now morphed into something nearly divine! Having sprung forth from the depths of despair at the $0.1325–$0.1646 support zone—once a sorrowful graveyard for dreams—SEI has now taken a triumphant leap. This hallowed ground, a nest of stability during the March–June lull, has seen buyers congregate like moths drawn to a flickering candle. Ta-da! Price action now pirouettes with a series of higher lows, embraced gently above $0.27 in a supposedly bullish waltz.
For those of you who are scratching your heads, the “pig” metaphor in the world of investing is actually a term of endearment for those disciplined souls who gradually build their positions and take reasonable profits. It’s a far cry from the “hogs” who take on excessive risks, often too late, and usually end up as the main course at the market’s dinner table. 🍗
“Sunsetting support for these legacy chains allows us to focus on platforms that offer greater scalability, developer activity, and community engagement,” said Paolo Ardoino, CEO of Tether, in a statement. Like, who doesn’t want to focus on the new hotness? 🌞
The token breached the $0.60 sloping resistance, reaching its highest level since mid-June. 📈
Instead of ChatGMT, let me explain how it translates market signals into trading strategies. It helps organize entry points, exit strategies, and risk management factors by considering both the technical and economic aspects of the market.
You may recall that our dear DonAlt, with his 670,000 followers on the X social media network, had previously foretold of a major rally in July. And lo and behold, his words came to pass! 🔮
Indeed, our canine friend has recently turned its fortunes, breaking past the $0.15 threshold—a place once deemed a mere doormat of its range. Following a revelatory engulfing candle, the market, having rallied with a refreshing volume spike, has indeed found its footing, reclaiming what noble traders call the point of control. All of this brings us to our present contemplation, hovering on the brink of resistance like an overzealous squirrel, unsure whether to leap or remain safely nestled in the trees.
Last Thursday, in a spectacle worthy of a Gogolian farce, the S&P 500 closed triumphantly at 6,280.46 points, parading a year-to-date gain of 7%. But hark! When tallied in the mystical currency of Bitcoin (BTC), this titan of finance has stumbled by 15% in 2025, as noted by the ever-wise market oracle known as The Kobeissi Letter.