reached new all-time highs just over $112,000 on Wednesday. By “new all-time highs,” I mean it sort of bumped its head and looked around awkwardly, instead of doing cartwheels like last time. Sure, bullish companies are queueing up to slap bitcoin on their balance sheets—because naming your boat after Bitcoin is so 2017.
Behold, dear reader, the tale of PENGU, a Solana-based token that has captured the hearts and wallets of traders everywhere. Its price, a mere $0.01902 at the time of writing, has surged a staggering 29% in the past 24 hours, leaving many to wonder if this is the start of something truly remarkable. 🚀
The news sent the price of TRUMP soaring, like a bird set free from its cage. It appreciated 7% over the past day, a rare uptick in a sea of downtrends. I couldn’t help but chuckle at the thought of investors scrambling to get in on the action.
Traders, those grizzled veterans of the digital range, were betting on a breakout, their eyes fixed on the $2.65 mark like a mirage on the horizon. And why not? The charts were aligning like the stars in a celestial map, pointing the way to a potential windfall.
If XRP can manage a daily candle close above $2.36, it might just spark a fresh rally towards the next resistance levels at $2.44–$2.45. And beyond that, the next key target would be around $2.61–$2.62, which is where it hit a local high in mid-May. A confirmed breakout above $2.36, especially if the price holds this level as new support, would be a strong bullish signal. But let’s not get ahead of ourselves, shall we? 🚀
But, like any dreamer chasing after the moon, they’ve made sure to note that Bitcoin’s volatile price and their own stock could put a damper on this beautiful plan. Who could’ve seen that coming? 🤔
The U.S. Dollar Index [DXY] has fallen so far below its 200-day moving average that even my personal bar for bad decisions is jealous—down 6.5 points, the biggest slump since before most TikTokers were born. And yet… Bitcoin is just sitting there, sipping ~something~ and refusing to text back.
But ah, dear investor, it is not beyond possibility that this is mere choreography, an elegant arabesque before gravity intervenes, as it does in markets and soufflés. And yet—here’s the tease!—on-chain data grumbles that network activity (a.k.a. digital foot traffic) has genuinely perked up, as though someone whispered, “Free snacks in the $2.30 – $2.40 lounge!” Addresses multiply, like rabbits or dormant password reminders.
BONK has taken a breather after its epic rally, but no signs of a top yet.
Circle Internet Group (NYSE: CRCL), those intrepid pioneers of the digital frontier, have joined forces with the crypto exchange OKX in a strategic partnership that promises to make the world a more wondrous place, one USDC conversion at a time.
