Bitcoin was trading at $92,534 at press time, up 2.5% in the past 24 hours. The weekly range sits between $88,202 and $94,267, while the asset remains down 26% below its $126,080 all-time high from October. A mere 26%? How quaint. 🤡
In a statement that popped up on Friday like a jack-in-the-box, these two giants announced they’ve signed a letter of intent to dabble in this digital delight under Malaysia’s Digital Asset Innovation Hub. 🧙♂️ This hub, by the way, is Bank Negara Malaysia’s (BNM) brainchild, unveiled in June with a flourish of trumpets and confetti. 🎉
Crypto aficionado Pompliano, like an oracle of old, doth proclaim that Bitcoin’s precipitous tumble is no tremor of frailty but rather a cunning ruse orchestrated by the titans of institutions. These mighty giants, he argues, seem but to lightly slash the coin’s worth, thus shedding their hoard at most auspicious of moments, just before liquidity’s sweet embrace can properly be felt.
So, what’s behind this crypto caper? Will ZEC keep soaring or come crashing down like a poorly coded NFT project? 🤔 Let’s dive in, shall we?
Crafted by Italian artist Valentina Picozzi-whose name sounds like a cryptocurrency itself-the statue employs a layered-metal technique to achieve its optical illusion. From one angle, it’s there, proud and defiant; from another, it dissolves into thin air, much like Satoshi’s own identity. 🎨
In a curious missive on X, the famed digital seer Ali Martinez has expounded upon the appearance of a Tom Demark (TD) Sequential prophet’s pattern within the weekly parchment of Stellar. By the virtuous art of technical divination, this so-called TD Sequential is a tool of uncanny foresight, aimed at discerning the mercurial reversal points in the whims of an asset’s fortune.
Oh, how the XRP price, that fickle lover, attempted a recovery wave above $2.150, only to be cast down by the cold hand of reality! Like Bitcoin and Ethereum, it faltered, a tragic tale of unfulfilled potential. The price, now a wretched soul, descends below $2.080 and $2.050, its spirit broken.
The cut sent the usual herd of risk-loving speculators galloping into the crypto pastures, cheering like they’d just discovered fire. But the euphoria proved about as stable as a soufflé in an earthquake. Sentiment soured faster than milk left in a Bentley, and Ethereum found itself once again at the mercy of forces it barely understands-mainly, the collective greed and panic of people who think “technical analysis” means squinting at patterns while muttering.
VCSH and IGSB-these twin entities-appear to offer identical promises at first glance, yet secretly diverge in their approach: one relying on curated selectivity, the other on sheer mass-an emblem of the broader market’s paradox: the illusion of choice amid systemic monotony. Both aim for income with minimal volatility, anchoring on short-duration, investment-grade U.S. bonds; but beneath this noble façade lurks a fundamental question-how truly resilient is this system that depends on shallow sampling and sprawling holdings? The subtle difference in yield-4.3% versus 4.4%-may seem trivial, yet it underscores an essential truth: in a market driven by finite data and distorted perceptions, every small advantage conceals a latent risk.
But oh, the folly of her recent endeavors! She faltered, unable to breach the $94,000 and $94,500 barriers, as if daunted by her own ambition. A correction ensued, a retreat below $92,500, a moment of doubt in her otherwise resolute performance. Below the 50% Fib retracement level she dipped, even skirting the perilous edge of $90,000. Yet, the bulls, those stalwart admirers, rallied near $89,500, their fervor preventing a more calamitous fall. 🛡️
