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.
It was through the most modern of missives, his social media channels, that President Trump did proclaim this action in a letter most formal, directed to the President of Brazil, Luiz Inácio Lula da Silva. The missive was no mere pleasantry, but rather a pointed critique of Brazil’s “unfair trade practices,” with particular scorn for the Brazilian Supreme Court’s handling of the former President, Jair Bolsonaro. The unfortunate soul, presently embroiled in a trial for inciting an anti-democratic coup attempt, surely hath drawn the ire of his political adversaries.
On the 9th day of July—mark the date, scribes—Bitcoin (BTC) lurched forward, a 2% upward spasm, toppling its own record from May like a toppled Lenin bust ($111,970—who counts money in such an age?). Skepticism gnashed its teeth. Short interest, bulging to $35 billion, stood muster on the eve, while technical signals blinked their warnings as if this cosmic jest still operated on rational principles. Bears, so sure they would waltz at the funeral pyre, instead found themselves dancing the forced kazachok of the squeezed.
