Cryptonews

Michaël Van De Poppe, a man who probably owns a monocle and a pocket watch, tells his 818,600 followers that the business cycle is now on a rollercoaster. “It’s like a toddler with a sugar rush!” he might say, if he weren’t so serious. The ISM Manufacturing PMI, that enigmatic creature, is now wobbling into the land of 50+, a place it hasn’t visited since the Stone Age. “Not great for the business cycle, and not great for Bitcoin,” he sighs, as if Bitcoin is a neglected pet.

Now, while the figures waltz about like confused dancers at a ball, it’s worth noting that OpenAI has recently closed a funding round of such staggering proportions that it leaves one dizzy: $157 billion! Nvidia’s participation is akin to adding a touch of spice to an already rich stew, signaling that our dear ‘AI Supercycle’ has indeed been fed well and is now fully capitalized.

Monero’s price has heroically defended the $380 “support zone” (translation: the price level traders nervously bet on) and even managed a modest pullback during its midday nap. Sellers, who’ve been bullying the market lately, seem to have taken a coffee break. As XMR approached the channel’s lower edge, the usual panic-selling slowed, leaving behind those telltale “downside wicks” that scream, “We’re done here!” Technically speaking, the $360-$380 range is now the VIP lounge for buyers-if they can hold it, that is.

At the hour of writing, BNB has kissed the ancient August support level, retreating like a bashful suitor. But do not be fooled! The daily chart whispers tales of a bearish coup d’état, the price having slumped below December’s $818.39 low. The $730 bastion still stands, though the air is thick with the stench of bearish momentum.

It held onto the $1.20 support level like it was a lifebuoy, popping up from $1.19 to a dazzling high of $1.52. Almost like it forgot all its recent losses-like my ex forgetting to return my favorite sweater!

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Selling pressure doth mount, trader interest doth fade, and thy price creepeth toward the dreaded $200 mark. The momentum, once thy ally, hath turned traitor, and the market whispers: “Is a deeper fall inevitable?” Oh, the tragedy of it all!

From its recent cycle high, XRP has declined by roughly 54%, a magnitude of correction that has historically preceded periods of consolidation or recovery rather than prolonged declines. Or, as one expert put it, “It’s like the market took a deep breath and said, ‘I think I’ll just… stop for a moment.’”

“We’re still here, really!”

The big players look about as convinced as a tourist in a passport office-distributing rather than accumulating, as if they’ve suddenly decided to take a long lunch and forget to come back. Glassnode’s data tell the tale: Ethereum whales have been lightening their load, possibly migrating their treasures to other tokens, or perhaps just enjoying the suspense of the moment. A bit like watching a parade where the marching bands decide to take a break and let the drum major improvise.