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. 🕰️
The Juicy Details
The question on everyone’s lips, darlings, is: what on earth is causing this ghastly crash? 🌪️💥
Unveiled this Monday, the Africa Digital Access and Public Infrastructure for Trade (ADAPT) is set to revolutionize the continent’s economic landscape. Described as an open-source public network (you know, for the people), ADAPT promises to facilitate cross-border payments using stablecoins, and to securely store digital trade documents. Oh, and did I mention that it will also serve as a digital identity hub? Fancy stuff, right?
We’re here to unpack this, because frankly, it’s baffling. Let’s dive into the latest happenings around this cross-border token and the company that birthed it, Ripple Labs.
The descent of Bitcoin below that arbitrary figure of ninety thousand, it seems, is a confluence of many small, yet potent, currents. There is talk of “whales” – those immense holders of the digital coin – shifting their fortunes, and of a certain…thinning of the buying spirit. And, of course, the ever-present winds of ‘macro’ uncertainty, a phrase which simply means that those in positions of power have grown anxious and their anxieties spread like a poorly contained rumour.
Prices were down since fundamentals like DEX volume and TPS were declining on top of a bearish market structure. 🐻❄️ Classic: “We’re doing great on paper, but my wallet says otherwise.”
