And lo, in an unexpected twist worthy of a theatrical farce, Ethereum (ETH) befriends Bitcoin, preparing for a dance of potential outperformance. All of this, timed miraculously as whispers in the alleyway suggest our dear Trump administration might be ready to play nice—if only for the sake of raising a glass to ease those tumultuous trade tensions.
Sur Luno, l’une des places de marché les plus réputées de la région, l’enthousiasme renouvelé se manifeste par une augmentation spectaculaire des volumes d’échange pour des actifs tels que Dogecoin (DOGE), Ankr (ANKR), et Aave (AAVE) – chacun ayant su capter l’attention des investisseurs nigérians cette semaine. 🚀
And what, pray tell, hath driven this surge? Why, ’tis the influx of cash from those most esteemed of investors, the institutional types, who hath poured in a cool $280 million to bolster the bitcoin treasury. Ah, but that’s not all, dear reader, for Ethereum and Solana hath also gotten in on the action, with Joseph Lubin’s SharpLink ETH treasury snapping up 10,000 ETH like a hungry gourmand at a buffet 🍴.
This strategic move comes just as the crypto market is on one of its infamous rallies. And lo and behold, the stocks of those very companies Ark is ditching are also riding high—because why wouldn’t they? It’s like selling an antique at an auction and then watching its value skyrocket on eBay. 🙄
The spot market is flexing its muscles, but the options market? Oh, it’s acting like a shy kid at a school dance, with institutional investors hanging back and twiddling their thumbs instead of jumping in. Talk about a moody crowd.
But let us not get ahead of ourselves. The price of PEPE, that most mercurial of tokens, shot up 14% over the last 24 hours, driven by large-scale buying and a broader rebound across the cryptocurrency space that saw bitcoin top the $118,000 mark. 🤑
The joke cryptocurrency has risen 18% this month, its best performance since November, with prices gaining over 7% in the past 24 hours alone, according to CoinDesk data. The rally is consistent with the increased risk-taking in the crypto market triggered by bitcoin’s rally to lifetime highs above $118,000. It’s like the entire crypto world decided to throw a party, and SHIB got the invite. 🎉
In a missive from Matthew Sigel, the sage of VanEck’s Digital Assets Research division, Bitcoin has taken the top spot in a pecking order of currencies that are measured against the ever-stalwart U.S. dollar. Yes, you heard right! It has outperformed the Swiss franc, the euro, and even the stoic Japanese yen; you might say it has kicked them all to the curb. 😏
With 706,400 followers on the social media platform X, Kaleo is no stranger to making bold predictions. He asserts that a $500,000 Bitcoin price is a “magnet” based on the logarithmic regression channel. A logarithmic regression channel, for the uninitiated, is a tool used to identify the long-term trend of an asset that experiences exponential growth at first, only to slow down as it matures. 📈
According to the blockchain analytics firm Arkham, Satoshi’s net worth has increased significantly (more than $4 billion) when the Bitcoin price soared on Thursday, putting him ahead of Amancio Ortega, the creator of fashion behemoth Zara.