As of now, Robinhood ($HOOD) is strutting its stuff at a price of $74.88, with a share volume that could make your head spin—66,229,109 shares traded! And just like that, its market valuation has soared to a staggering $66.079 billion. I mean, can we get a round of applause for that? 👏
On Friday, June 6, Bitcoin took a nosedive, plummeting to a rather dismal $101,000. But fear not! As the weekend rolled in, it managed to perk up a bit, like a rooster crowing at dawn. A certain blockchain firm, with more insights than a fortune teller at a county fair, has pointed out some crucial levels to keep an eye on if our beloved Bitcoin decides to waltz back to the $100,000 mark in the days to come.
As they accumulate, these behemoths of the blockchain create a veritable demand sink, reducing the available supply and, in a delightful twist of fate, providing price support. Who knew that the ocean’s giants could also be financial titans?
Meanwhile, Bitcoin—our dear old stalwart—has walloped its way up to the $105,000 mark. Ethereum, ever the wallflower, just sits there, tranquil, with no significant movements in the past seven days. The global crypto market cap? Now a hefty $3.28 trillion, nudging up from last week’s $3.25 trillion—because, of course, we love a good surge. 💸
This rally, dear reader, follows a higher low formation, a phenomenon that speaks of growing market confidence, as if the very spirits of the market have conspired to lift Ether from its slumber.
It appears that the most grievous wounds are inflicted not by the clumsy hands of code, but rather through the treacherous breaches of wallets. Indeed, these breaches have outstripped all other forms of attack, leaving a trail of financial ruin in their wake. One must wonder, are wallets now the new Achilles’ heel of the crypto realm? 🏺
Currently, TRX is lounging at a casual 0.2819, but don’t let that fool you! It’s flaunting a “bull flag” on the day chart, which basically means it’s taking a little breather before it decides to skyrocket. Bulls are practically throwing confetti, convinced that a price surge is just around the corner. 🎉
In a recent post on X (formerly known as Twitter, because who doesn’t love a good rebranding?), Dalton confidently declared that Elon Musk is ready to make XRP the chosen one. Yes, you heard that right! Forget Dogecoin; it’s time for XRP to shine! 🌟
So, picture this: the bulls are strutting around the U.S. spot bitcoin ETFs, but it’s like trying to stop a freight train with a feather. Despite five bitcoin ETFs managing to pull in some cash, a staggering $130.49 million has fled from Blackrock’s IBIT, dragging the overall net outflow down to a dismal $47.82 million. Ouch! 😱
Elon, who had recently decided to hang up his government adviser hat, took to social media like a moth to a flame, vehemently rejecting Trump’s claims and even suggesting that without his genius, Trump wouldn’t have won the election. The very next day, Tesla’s stock, in a fit of optimism, rebounded by 5% on mere whispers of a potential phone call between the two. Ah, the power of gossip!