This week, Bitcoin lost nearly 2%, dancing around the $113,000 mark. September’s options expiry is whispering sweet nothings about $110,000-probably the “max pain”-which, let’s face it, sounds like a sadist’s favorite game of pretend. Max pain? Just a poetic way to say traders are likely to get hurt.
According to our fanciful 4-hour magic chart, that splashy dip was likely due to some dastardly bearish divergence! Picture this: as Bitcoin was strutting up to $117,500, the Stochastic RSI and RSI were busy throwing sneaky lower highs-classic bear trickery, I say! However, despite this mischief, it seems our beloved Bitcoin might just be poised for a cheeky comeback! 🎩✨
Bitcoin, that eternal phoenix of the financial world, soared to new pinnacles, its millionaires swelling by 70% to 145,100 souls, while the crypto market’s valuation ballooned to a staggering USD 3.3 trillion. A 45% rise! One might say the market is less a beast and more a hyperactive squirrel with a penchant for numbers. 🐿️
Behold, the mighty PayPal, a titan of the payment realm, has donned its crypto armor. The company recently declared its allegiance to Stable, a blockchain designed to make stablecoins feel at home-like a well-bred gentleman in a drawing room. 🦸♂️
Blockchain sleuths, those modern-day Sherlock Holmeses, uncovered the culprit: a “delegateCall” vulnerability. This digital skeleton key allowed hackers to boot the original admins and install themselves as the wallet’s new overlords. One might call it a *coup d’état*, if coups weren’t generally considered more glamorous. 🎩
“Should inflation persist like an unwelcome houseguest,” mused Dimon, his tone dripping with the dry wit of a man accustomed to being right, “the Fed shall find itself in the unenviable position of a chef attempting to slice a steak with a spoon.” He paused, allowing the metaphor to linger like the scent of cigar smoke in a mahogany-paneled office. “Three percent-stubborn as a mule, and just as likely to kick upward.” Yet, ever the optimist (or perhaps merely a realist with excellent PR), he clung to the hope of “decent growth” rather than the specter of recession.
Now, this app is promising the highly innovative ability to use Apple Pay for payments as low as a dollar. Wow. I can already hear your excitement-“This is totally what I needed in my life!” The real kicker? It’s supposed to blend peer-to-peer transfers with trading features. Basically, it’s like if Venmo and Robinhood had a baby. I’m picturing them fighting over who gets to decide which stock is cooler.
With a flourish, Strategy Chairman Michael Saylor declared on X (formerly Twitter) that the company had gobbled up more Bitcoin, this time at a price so lofty it makes a squirrel’s nut stash look modest. 850 BTC, costing a mere $99.7 million-because nothing says “investment” like throwing money at a rollercoaster. 🎢
Market analyst CryptoSensei, who surely has more than one crystal ball, has put October on the VIP list for XRP investors. He’s declared the upcoming month a “game-changer,” sharing an eyebrow-raising timeline of pending XRP ETF deadlines that would make even the most patient person tap their watch! ⏳
Questions abound, naturally. When will this grand investment actually happen? No one knows, but that doesn’t stop the market from climbing the imaginary ladder. The United States, caught in the grip of AI capitalism, hangs precariously-one stumble, and the whole illusion might collapse. A splendid game of jenga, really.
