With Yuletide around the bend, it’s time to turn our jolly-yet-jaded jolly eyes to the third coziest coonskin cap in town – XRP. So, I said, “Hey AI buddies, got any fun stories for us about XRP’s dazzling December?! And by fun, I mean explosive cash bonanza or terrifying financial free fall! Choose your adventure!”
And here we thought the only thing sturdier than their Great Firewall was their resolve to squash the digital high-flyers. China is back at it, giving digital coins a new level of “No Entry” after their 2021 ban cameo. It’s like when Bridget Jones tries to attend a yoga retreat – noble but oh-so-challenging.
IBIT’s rapid ascent is nothing short of a marvel-breaking records faster than a squirrel on an espresso shot. In its first year, it raked in over $52 billion in inflows and threw a hefty $245 million back into its coffers-proof that institutional interest is hotter than a samba dance at carnival time, especially with regulatory thumbs-up in the U.S.
ETFs, those shiny new crypto glitter bombs, added a cheeky $35B to the chaos. Institutions are clearly just here for the vibes.
This week, though, the winds shifted. About $70 million trickled back into spot Bitcoin ETFs, like a drought-stricken field getting a sprinkle of rain. Friday was the real hero, with $71 million in net inflows, pushing lifetime totals close to $57.7 billion. Assets are back up to $119.4 billion, which is 6.5% of Bitcoin’s market cap-not bad for a week that started with everyone eyeing the exits. 🏃♂️💨
In the grand theater of Bitcoin (BTC), the protagonist has experienced a modest decline of 1.37% in the past 24 hours. A tragic, yet not entirely unexpected turn of events.
The daily chart, that grand canvas of comebacks, reveals our heroine rebounding from a bruising fall at $80,537 to her current perch just above $90K. A falling wedge breakout, you say? Textbook, darling, with a volume surge that screams, “Accumulation, anyone?” 🤑📈
Let’s dive into three meme coins that are either about to shine brighter than a Christmas tree or crash harder than Aunt Linda after too much eggnog. 🎄🍸
This Mister Crypto, in a most animated spectacle captured upon a viewing glass (a ‘video,’ they call it), doth assert that the very structure of Bitcoin’s movements reveals a stabilization after what he dramatically labels ‘capitulation’-a fancy term for a thorough thrashing, I presume. He claims these…’indicators’ (a confusing assemblage of numbers and lines) suggest that the large purses among us are cautiously testing the waters, opening ‘long positions’ even as the general sentiment wallows in ‘extreme fear.’ A curious paradox, is it not? 🤔
