The network, once dismissed as a backwater haunted by forgotten dApps, now parades itself as a payments company. A rebrand? How quaint. As if slapping a fresh coat of paint on a rustbucket could erase the scent of desperation clinging to its code. 🎨💀
This redistribution suggested institutions favored spreading risk across multiple assets. However, the key question now is what pushed institutions away from Bitcoin, and whether that trend can persist into 2026, given BTC’s historical four-year cycle dynamics. 🤔⏳
On the 7th day of January, the denizens of World Liberty Financial, in a fit of bureaucratic bravado, unleashed WLTC Holdings LLC upon the Office of the Comptroller of the Currency (OCC), with the audacious aim of founding a national trust bank dedicated to stablecoins. A venture so grand it could make a lesser man weep into his martini.
In the opening days of January, initial jobless claims saw a modest uptick, with 208,000 Americans seeking the benefits of unemployment in the week concluding on January 3rd, a rise from the preceding week’s 200,000. The figures, though slightly elevated, remain beneath the anticipations of the learned economists, thus highlighting the labor market’s surprising fortitude amidst the waning growth momentum. What a splendid display of resilience!
Indeed, the market has once again embraced its penchant for chaos, with FLOKI, PEPE, and SHIB basking in the glow of whalely affection. One might say the crypto world has become a veritable circus of absurdity, where a 950% surge is met with the same enthusiasm as a well-timed punchline. 🥁
This is a big weekly expiry, the kind that can nudge the markets into a little flutter as traders roll their positions and pretend they’re calm while their portfolios perform interpretive dance moves behind the scenes.
The momentum of price, like the fluttering of a maiden’s heart, begins to quicken. The stage is set for a performance that may leave the market gasping, not for breath, but for comprehension. The question, dear reader, is not whether this shall transpire, but how swiftly the curtain shall rise. One might jest, “Is it a rally or a ruse?” 😉
Last time this happened on Upbit in late 2024, the price soared like a rocket with a broken thermostat. Now, the same dance is being waltzed again, and the crowd is whispering, “Could $10 be next?” 🤭
CoinGlass data reveals that Dogecoin bulls were wiped out of $2.05 million, a sum that would make even a seasoned investor feel like a lost soul in a labyrinth of despair. The liquidation occurred as DOGE nose-dived after the broader crypto market fell by 2.67%, a reminder that even the most enthusiastic traders can’t outwit the laws of gravity. 🧠📉
Shiba Inu, that mongrel of the cryptocurrency world, was not spared the whip of the market’s capricious hand. Its price, along with other metrics of import, took a nosedive, leaving its faithful holders in a state of bewildered despair. At the hour of writing, SHIB had slumped 4.16% in the last 24 hours, settling at the princely sum of $0.000008573. A pittance, you say? Quite. And in tandem with this ignominious decline, the open interest-that barometer of unsettled derivatives positions-has crashed over 21%, a figure as dramatic as a Waugh novel’s denouement.
