Welcome, dear reader, to the wild and wacky world of cryptocurrency, where fortunes are made and lost faster than you can say “blockchain.” Buckle up, because here are the top three news stories that have the crypto community buzzing like a caffeinated squirrel.
XRP on verge of ultra rare golden cross versus Bitcoin
In a plot twist that even the most seasoned crypto enthusiasts didn’t see coming, XRP has decided to throw caution to the wind and surge a staggering 270% against Bitcoin since early November. Yes, you read that right—270%! It’s like watching your favorite underdog sports team suddenly decide they’re the new champions of the universe. According to the soothsayers of technical analysis, we might be on the brink of witnessing an ultra-rare golden cross. This is not a new dance move, mind you, but rather a fancy term for when the 23-day moving average and the 200-day moving average decide to have a little crossover moment on the weekly price chart. Currently, XRP is trading at a mere 0.00003 BTC, which is the highest it’s been since spring 2021. However, let’s not get too carried away; it’s still a whopping 720% below its all-time high of 0.00024 BTC from May 2017. If it ever reaches that level again, we might as well start planning for a yacht party! 🚤
MicroStrategy buys $1.1 billion worth of Bitcoin
In other news, MicroStrategy has just made headlines by splurging a jaw-dropping $1.1 billion on Bitcoin. That’s right, folks—this is their 11th consecutive week of buying Bitcoin like it’s going out of style. With this latest shopping spree, MicroStrategy now holds around 461,000 BTC, valued at a staggering $48 billion. It’s like they’re playing Monopoly, but instead of fake money, they’re using actual Bitcoin. Their average purchase price has now climbed to $63,610, which is a bit like buying a luxury car and then realizing you could have just bought a small island instead. And despite Bitcoin’s current trading price of $104,602, MicroStrategy’s shares took a slight dip of 0.57% in premarket trading. Talk about a rollercoaster ride! 🎢
Gary Gensler loses government checkmark
And finally, in a twist that could only happen in the crypto world, Gary Gensler, the former chair of the SEC, has lost his coveted gray government checkmark on the X platform. This is like losing your VIP pass to the coolest club in town, signaling the end of an era marked by a relentless crackdown on the crypto industry. The crypto community is practically throwing confetti in celebration, as this could mean a new dawn for U.S. cryptocurrency regulation. Following Elon Musk’s takeover of Twitter (now X), the platform has revamped its verification system, introducing a colorful array of checkmarks for verified users. Meanwhile, Republican SEC Commissioner Mark Uyeda has stepped in as the new acting chair, and he’s known for advocating clearer crypto guidelines. So, who knows? Maybe we’ll finally get some sensible regulations instead of the usual chaos! 🎉
Read More
- Luma Island: All Mountain Offering Crystal Locations
- Fidelity’s Timmer: Bitcoin ‘Stole the Show’ in 2024
- Tips For Running A Gothic Horror Campaign In D&D
- FIS PREDICTION. FIS cryptocurrency
- Some Atlus Fans Want Snowboard Kids to Make a Comeback
- Just-In: US CFTC Chair Rostin Behnam To Depart On January 20
- Scream 7: Should Detective Wallace Come Back?
- USD BRL PREDICTION
- What Borderlands 4 Being ‘Borderlands 4’ Suggests About the Game
- How to Claim Entitlements In Freedom Wars Remastered
2025-01-22 18:44