Ray Dalio

The daily HBAR/USDT chart published by ZAYK Charts (@ZAYKCharts) shows a clear breakout from a descending wedge pattern, which had formed through months of narrowing lower highs and lower lows. 📉 The breakout above the upper trendline indicates that the asset has exited the compression zone with some serious momentum. This technical pattern is often viewed as a bullish reversal, especially when accompanied by volume and market structure shifts. 💸

Next week, for added zest, the US House of Representatives has set aside “Crypto Week” to debate some rather pivotal bills. Because, obviously, what could be more exciting than politicians chatting about digital assets? Their agenda: three significant proposals that may just bring some clarity—or at least a bit of theatrical spectacle—to the chaotic crypto scene. Say hello to the CLARITY Act, the Anti-CBDC Surveillance State Act, and the GENIUS Act. For the sake of brevity, let’s just hope none of these turns into an elaborate game of “hot potato.”

While the overall market remains in a state of indecision, akin to a lady of fashion uncertain of her next gown, HBAR has decidedly taken the stage as one of the most notable performers of the day.

Capo, who has a whopping 970,500 followers on X (formerly known as Twitter, but let’s not get into that), is telling his fans that Bitcoin might suddenly take a nosedive after hitting a new all-time high (ATH) of about $118,700 on Thursday. Can you imagine? It’s like Bitcoin is playing a game of Jenga, and we’re all just waiting for the tower to fall.

Now, the astute market analysts, with their magnificent forecasts, whisper that XRP might triple its worth, flirting with the tantalizing number of $10. On the horizon, mighty BlackRock appears to be considering an XRP ETF, as strong inflows into BTC and ETH ETFs gather momentum. Can you imagine? Our dear XRP, taking its place among the titans! What a splendid thought! 😉

As if plucking ripe fruit from the tree, the rascal manipulated the values of GLP tokens, leaving a trail of chaos. But, as is often the case in this grand theater, the plot thickened! After partaking in their dastardly deeds, the villain left an on-chain message, as if it were a casual note: “Ok, funds will be returned later.” Oh, how charming! 💌 This audacious claim caught the attention of the vigilant guardians at PeckShield, who surely had a chuckle at the absurdity of it all.

Tether’s USDT and Circle’s USDC, the two largest dollar-pegged stablecoins, each reached new record supplies this week, according to TradingView data. Since the start of July, USDC’s market cap has grown by $1.3 billion, reaching $62.8 billion, while USDT added $1.4 billion to hit nearly $160 billion.

Ah, dear reader, gather ’round! It seems that Bitcoin has broken forth from its digital crypt, soaring past the gaudy milestone of $118,000, yet still struggling to regain its dignity against the likes of gold and the British pound. It’s as if the young sprout is trying to impress the old oak tree by racing, but isn’t quite sure if it’s worth the effort. 🏃‍♂️💰

Matthew Sigel, the sage of VanEck’s Digital Assets Research, has enlightened the crypto community with the details of this clandestine trade. The purchase was made in private, a move as stealthy as a ninja in the night, to prevent the market from reacting with its usual dramatic flair.