Oh, how the XRP price, that fickle lover, attempted a recovery wave above $2.150, only to be cast down by the cold hand of reality! Like Bitcoin and Ethereum, it faltered, a tragic tale of unfulfilled potential. The price, now a wretched soul, descends below $2.080 and $2.050, its spirit broken.
The cut sent the usual herd of risk-loving speculators galloping into the crypto pastures, cheering like they’d just discovered fire. But the euphoria proved about as stable as a soufflé in an earthquake. Sentiment soured faster than milk left in a Bentley, and Ethereum found itself once again at the mercy of forces it barely understands-mainly, the collective greed and panic of people who think “technical analysis” means squinting at patterns while muttering.
But oh, the folly of her recent endeavors! She faltered, unable to breach the $94,000 and $94,500 barriers, as if daunted by her own ambition. A correction ensued, a retreat below $92,500, a moment of doubt in her otherwise resolute performance. Below the 50% Fib retracement level she dipped, even skirting the perilous edge of $90,000. Yet, the bulls, those stalwart admirers, rallied near $89,500, their fervor preventing a more calamitous fall. 🛡️
Now, the estimable BitcoinTreasuries.NET hath prophesied that for the upcoming quarter, a sum of 40,000 BTC shall be purchased by treasury firms-an amount that, pause as it may, is the lowest since a rather distant third quarter of the year 2024. One might almost say they are taking a gentle breath before plunging into the next scheme of acquisition, or perhaps simply reflecting on whether this grand experiment hath truly begun to mature. 📉
According to CoinDesk, dYdX is rolling out its very first spot trading product. This isn’t just any ol’ update-dYdX Labs claims it’s part of a grand plan to dive headfirst into the Solana ecosystem and lure in a fresh batch of users. 🐟🪝
Replying to developer and X feature-watcher Nima Owji on December 10, Musk dropped a characteristically terse update: “It has been launched internally.” Within hours, promoter Mario Nawfal was broadcasting that “X MONEY IS LIVE BEHIND CLOSED DOORS, PUBLIC LAUNCH NEXT,” describing the system as “quietly tested by employees and early users while the rest of the world waits for access.” 🤯
Coinbase, those bounders, revealed they’ve chosen Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to power their new bridge, connecting a cool $7 billion in wrapped assets-cbETH, cbBTC, and the ever-charming cbDOGE. A jolly institutional nod to Chainlink’s cross-chain wizardry, what? 🎩✨
Once again, Cardano’s ADA has succumbed to the merciless pull of gravity, plummeting more than 10% over a single day. Perhaps even the gods of crypto are tired of our antics, or perhaps the market simply decided to have a little fun at our expense. 😅
Crypto exchange-traded funds (ETFs) remain a major focus in the digital asset market as Bloomberg ETF analyst Eric Balchunas shared on social media platform X on Dec. 11, highlighting the scale of active crypto exchange-traded product (ETP) registrations. His post centered on the growing number of filings and the competitive landscape forming around them.
XRP isn’t the only crypto sulking today-the entire economy’s teetering below $3T, down 2.85% 📉. Our favorite digital token lost 3.5% vs. the dollar, diving below $2.00 with the grace of a penguin on rollerblades 🐧🛼. Resistance zones? More like resistance zones of heartbreak between $2.05-$2.10. The 1-hour chart? A bloodbath in red, because apparently, traders have a “$2.00 allergy” 💸.
