Having found itself a chum near $202, Solana once again dared to outpace the more pedestrian Bitcoin and Ethereum. It sashayed past $208 into what one might call a ‘short-term positive zone’-a phrase as comforting as a warm slippers on a damp morning.
XRP, that stubborn mule, has finally climbed over the fence of its descending trend line, a barrier that’s kept it penned in since its last wild ride. But hold your horses-momentum ain’t confirmed yet. Support’s camped out near $2.75 to $2.76, and as long as it stays above that, the trail looks clear for higher ground. On the flip side, resistance looms at $3.30, a gatekeeper that’ll decide if XRP’s got the grit for a sustainable rally. Clear that, and $3.67 to $3.68 is the next watering hole. At press time, XRP’s trotting at $2.95, up 5% this week. Not a stampede, but a start. 🐌
But let’s not get ahead of ourselves. Tomorrow, the U.S. is set to release its Consumer Price Index (CPI) report, and as our intrepid analyst warns, “Be aware that tomorrow there is CPI news coming from the US and it probably, most likely at this point in the market, brings with it some sort of volatility.” It’s like saying, “Don’t forget your umbrella because it’s probably going to rain.” In other words, expect some market turbulence, whether it’s a bumpy ride up or a sudden drop. 📈📉
Un humble prophète nommé CryptoJobs, visible sur les parvis sacrés de TradingView, annonce que, peut-être dès la semaine prochaine, un ETF made in USA pour notre héros à quatre pattes verra le jour. Quelle fête ! Le voilà soudainement élevé au rang de star, du simple caniche de foire à l’élégant marquis du grand bal financier. Nul doute que ce mariage avec l’ETF gravera son noble nom dans le marbre de la légitimité. 👑
The shares, priced at 553 yen ($3.75) each, will be offered internationally, a clear indication that the company is looking beyond its home shores for salvation. The total haul is expected to reach a staggering 212.9 billion yen ($1.44 billion). At this price, the shares represent a 9.9% discount to Metaplanet’s Tuesday closing price of 614 yen, a gesture of goodwill to potential buyers-or a sign of desperation, depending on one’s perspective. 🤷♂️
And what of the clients, those hapless souls tethered to this financial chariot? They may now deposit and withdraw USDT0 with the ease of a man slipping into a warm bath. A “rich and combined liquidity pool,” they promise, spanning over 12 chains-Arbitrum, Optimism, Polygon, Berachain, Unichain, and their ilk. A veritable feast for the DeFi glutton! 🍴💰
The asset manager, ever the strategist, submitted an S-1 registration for a Litecoin ETF, a move that follows its earlier attempt to transform the Grayscale Litecoin Trust into an ETF. It was a move that spoke of determination and perhaps a touch of desperation, as the market waits with bated breath for any sign of progress.
Apparently, it’s all going straight into Bitcoin. I mean, why not? Leave the yen behind, dodge inflation, pretend sovereign debt isn’t looming over Japan like a Godzilla sequel no one asked for. Just plow ¥183.7 billion into some BTC and call it a day. What could possibly go wrong? 🤷♂️
Breaking the $112K barrier, Bitcoin has embarked on a new adventure in price discovery. Yet, as leveraged futures pile up, our market becomes a delicate house of cards, ready to tumble at the slightest breeze. 💧🔥
BlackRock’s IBIT ETF now stands as the colossus in the Bitcoin [BTC] ETF landscape, holding a staggering 751,283 BTC, which constitutes nearly 58% of all holdings. 🏦 Fidelity, trailing far behind with 200,956 BTC, can only watch as BlackRock’s shadow looms large. At the time of writing, Bitcoin trades at $112,960, a 1.01% increase from the previous day, as it hovers near a critical juncture.
