With Bitcoin gallivanting past the $122K milestone while wearing a top hat and monocle, meme coins are teetering on the edge of what could only be described as a cataclysmic party. It appears the allure of fantastical profits and bargain-bin entry prices has transformed meme coins into the shiny new toys of traders who crave that exhilarating rush of quick gains.
For several weeks, BONK traded within a tight consolidation band, a range that served as an accumulation zone, marked by declining volatility and volume compression. This period of rest, like a calm before the storm, was finally broken when BONK surged above $0.000027, invalidating the sideways structure and marking the start of a new bullish leg. Based on the height of the prior range, the immediate price target stands near $0.000033–$0.000035, with $0.000038 acting as the next resistance. 📈
But what could possibly explain this prolonged romance? Let us don our monocles and investigate the expert opinions, shall we?
Now, I know what you’re thinkin’: what in tarnation is a crosschain swap? Well, it’s like this: them fancy-pants crypto traders and decentralized finance (DeFi) users have been usin’ these swaps to move their ill-gotten gains around multiple blockchains, makin’ it harder for investigators to track ’em down. It’s like a big ol’ game of hide-and-seek, but with crypto! 🎉
On Tuesday, the President, a man whose every word is a blend of prophecy and performance, declared, “Happy Crypto Week!” with a flourish that could have been mistaken for a flourish of the pen that signs the bills into law. He urged the Republican House to vote in favor of what he termed “tremendous bills,” insisting that digital assets were the future of the nation, a future in which the United States would stand as the unchallenged leader. “This is our moment – Digital assets, GENIUS, clarity! It is all part of Making America Great Again, bigger and better than ever before. We are leading the world, and will work hard with the Senate and the House to get even more legislation on this passed!” he proclaimed, his voice a mix of fervor and a hint of desperation, as if he were trying to convince not only the nation but himself of the grandeur of his vision. 🌟
These tokenized deeds will enable individuals to purchase shares in real estate, making it easier for investors to enter the market without needing to acquire entire properties. The initiative aims to bring Dubai’s booming real estate market to a global audience while improving transparency and access.
As reported by Politico, Speaker Mike Johnson confirmed late Tuesday that Republicans are working tirelessly to resolve their internal squabbles following the 196-222 vote failure, which halted the momentum of the long-awaited legislative package. 😴
And so, the dance continues. Bitcoin, that great enigma, hovered near $118,000, a constant presence in the lives of its devotees. The U.S. CPI data, a siren’s call, beckoned traders to reprice the odds of a September Fed rate cut, a promise of deliverance from the crypto wilderness.
The White House, meanwhile, seems to be embroiled in a game of “Where’s Jerome?” Treasury Secretary Scott Bessent cleverly indicated that “a formal process that’s already starting” was afoot to uncover Powell’s elusive successor. You know, just a casual search for someone who might handle the central bank with a touch more finesse—or at least not set off a financial apocalypse.
After reaching a new high of over $123,000 on Monday, Bitcoin has since dropped by roughly 5.4% from that peak, with its price currently hovering just above $116,000.
