BitMine Immersion, that paragon of fiscal prudence, eschews the traditional crypto model of mining and selling. Instead, it hoards Ethereum like a dragon with a gold stash, treating ETH as a “store of value” with the enthusiasm of a child clutching a candy bar. Its market strategist, Thomas “Tom” Lee, is the kind of man who would bet his last shilling on a horse named “Hope.” 🐴
The charts, those silent oracles of truth, lend credence to his skepticism. Bitcoin’s one-hour structure reveals a hanging midrange, a fragile construct devoid of volume support beneath $101,000. A rejection from $105,000 earlier this week confirmed what DonAlt aptly termed “a market pretending to recover.” Oh, the irony of it all! A recovery as genuine as a three-dollar note. 💸
So, here’s the deal: OKX just dropped the ultimate combo in São Paulo-OKX Pay and OKX Card. What does this mean for you? Well, in simple terms, you can now turn your Brazilian reais into fancy USD-denominated stablecoins faster than you can say “pix” (which, let’s be honest, you probably say a lot). Oh, and that international Mastercard debit card? It’s got your back-spending your stablecoin balance on literally anything, anywhere in the world. 🌎
They’re tellin’ us this’ll show how the ‘market sentiment’ changes over time. Market sentiment! As if the masses have any clue what’s truly brewin’. Still, it’s a bit like askin’ a committee to steer a ship. Amusin’, perhaps, but don’t expect a speedy voyage. First it’s just for Labs users, mind you, those early adopters who have a penchant for fiddlin’ with things…and likely regrettin’ it later. 🧐
Colin argues the 50-day and 200-day moving averages are poised to perform a tango-like waltz-a “golden cross”, if you will. Historically, this dance has marked bottoms like a tourist takes selfies at landmarks. But let’s be honest: it’s less “setback” and more “pause for a chai latte” for Bitcoin.
According to crypto oracle Michael van de Poppe, the current market resembles 2019-2020, when Bitcoin and altcoins were priced like day-old sushi before entering a bull run so wild it made the Running of the Bulls look like a Sunday stroll. With macroeconomic winds shifting (read: central banks finally remembering they have a “lower interest rates” button), risk assets like crypto might soon wake up from their slumber and start partying like it’s 2021.
In less time than it takes to choose between gin and vermouth, our distinguished whale community gathered a rather astonishing 394,682 ETH, amounting to approximately 1.37 billion dollars-evidence of a fervent appetite for digital currency that skirts recent jitters in the marketplace.
A nudge of the chin here, a raised eyebrow there: the accumulation suggests a renewed darshank in Ethereum, according to the on-chain connoisseurs of Lookonchain on X (formerly known as Twitter)-how very trendy!
Our beloved Bitcoin, currently exchanging pleasantries at around $102,292, has felt the chill of a 1.3% dip over the day. A cool trend has overtaken the market, leaving it about 7% lighter in seven days and roughly 16% sagelier in the past month. Presently, it rests 18% shy of its revered high of $126,080, a zenith reached in the early days of October.
The Central Bank of Ireland has slapped Coinbase Europe with a $24.8 million (€21,464,734) fine for not doing their AML homework. Between April 2021 and March 2025, they basically ignored the rules. 🚫
The price movement of Bitcoin remains in focus, with the cryptocurrency maintaining its grip above the psychological level of 100,000.