Markets, ever the optimists, now price in an 86% chance of a 25 basis point rate cut this week. Yet economic stress and whispers of Fed leadership swaps loom like uninvited guests at a masquerade ball. 🎭
This surge has propelled Bitcoin’s Realized Cap-think of it as the “sober accountant” of market metrics-to an all-time high, while the market itself is now calmer than a Zen garden, more substantial than a hardcover encyclopedia, and undeniably more institutional-goodbye wild rodeo, hello corporate boardroom. 📈
According to BeInCrypto’s secret decoder ring, the HYPE token nosedived over 4% in just a day, landing at a chilly $29.24 – the worst since May. Seems like nobody told it to stay fabulous. 💸😅
Shiba Inu’s rate has slipped a pitiful 1.76% over the last 24 hours. Talk about a rollercoaster-more like a kiddie ride with a drunk driver.
The total volume of payments, the number of payments exchanged between accounts, and the general transaction throughput have all seen significant increases. However, the price chart… oh, that price chart! It’s presenting us with a much less cheerful outlook, and therein lies the greatest risk. A true mismatch, like a ballerina in muddy boots.
In a thrilling* (not really) post on CryptoQuant, the so-called “brain trust” at XWIN Research Japan gasped: “The Coinbase Premium Index… it’s gone negative!” 🫢 Now, what in the name of Groucho Marx is that? Glad you asked! It’s basically the price gap between Bitcoin on Coinbase (U.S. dollars, baby!) and Bitcoin on the wild, lawless crypto wastelands like Binance (hello, Tether – you sketchy, salty dollar cousin). 💵🌊
“I’m a long-term wildly bullish believer in Bitcoin,” he proclaimed, as if sentiments alone could carve monuments. To him, Bitcoin has already been crowned as the currency for the next 5,000 years-because, of course, history has shown us the infallibility of digital currencies… or not.
Oh, Robert Kiyosaki, everyone’s favorite financial guru, thinks things are looking grim. In a recent post on X (formerly known as Twitter… remember that?), he laid out how to get even richer when the economy decides to go up in flames. His book “Rich Dad Poor Dad” is still a top-seller-because nothing says financial wisdom like a guy who predicts chaos, right?
Groupe BPCE, them clever foxes, have been schemin’ away on their digital asset strategy, and lo and behold, their offspring Hexarq has snagged the golden ticket from the French regulators. They’re plannin’ to roll out this crypto fandango in stages, startin’ late 2025. Mark my words, this here’s a hootenanny for the banking sector in France. 🎩✨
“This week’s rally may be all the retesting of the broadening top we will see. Of course, we will see,” he quips, with the air of a man who finds the market’s caprices as amusing as a poorly written tragedy. 🎭
