Rather than finding solace after last month’s dramatic retreat, the poor creature has continued its woeful descent. Even the once-sacred threshold of $90,000 crumbled like a sandcastle in a storm, only to be rescued by the valiant hands of buyers. Yet, it is not the number that alarms, but the fragility it reveals-a support as reliable as a summer breeze. 🍃💔
Well, the NVT ratio is doing the financial equivalent of a jazz hands routine, exchange reserves are playing hard to get, and funding rates are spiking like my caffeine levels at 3 PM. Recovery, anyone? ☕
Current state? Bitcoin hovers just shy of 94,000, lost in the jungle of volatility. Once it flirted with 96,000, only to be tugged back down, probably by some unseen troll underneath the market’s bed. The short bursts above 96k? Vanished like smoke, leaving traders scratching their heads, shaking fists, and muttering about ‘hope’ and ‘charts’-though no charts appear in Kim’s video, just a guy with a camera and a dream. 🎭
In a move that has financial experts and digital enthusiasts alike clutching their pearls, Tether-the issuer of USDT-has decided to throw its weight behind Ledn, a platform that lets people take out loans using Bitcoin as collateral. Talk about digital assets working overtime!
Ethereum (ETH), that mercurial digital asset, has lately been performing a delicate pas de deux with the $2,900 region, a support level as steadfast as a retired colonel’s principles. And lo! A bullish divergence has emerged, a sign that the tides may turn-if only the volume would stop dawdling like a toddler in a dessert shop.
According to an official letter-a sort of modern epistle-to CryptoPotato (who appear quite entertained by such affairs), Tether has committed itself to investing in Ledn, a company famed for giving credit without the need to sell one’s digital assets. Imagine! An establishment that permits the noble individual to access funds whilst preserving the integrity of their crypto amassed through diligent virtual labor. One must wonder if this signals a revolution in prudence or merely an elaborate jest of the financial world.
In un recente thread su X, Charles Edwards, il Cassandra degli investimenti, ha svelato il dramma delle aziende che hanno abbracciato l’Ethereum come un guru new age. Ricordate? L’idea era nata con Michael Saylor, l’apostolo del Bitcoin, che nel 2020 trasformò MicroStrategy in una cattedrale digitale. Ma mentre il BTC era un idolo solido (47,54 miliardi investiti!), l’ETH è diventato il giocattolo preferito dei CEO annoiati. 🎭
Amidst this tempest of pessimism, a new oracle named Tony “The Bull” Severino doth proffer a vision of potential redemption, suggesting that Bitcoin’s next move may yet be bullish, despite the recent gloom. Verily, the fickle market is a stage upon which hope and despair dance in eternal strife.
The descending channel (in blue) shows how $SOL has been stuck in this bearish loop for 49% of its retracement. But now it’s hit rock bottom… or at least the bottom of the bear market’s couch. 🛋️ A bottom that’s bolstered by the strong $127 horizontal support and the bull market support trendline. Because nothing says “trust me” like a number that’s been there since the beginning of time. 🕰️
