The U.S. dollar, that paper monarch of the global stage, is poised for a week of ignominious defeat, its position in the eyes of investors more precarious than a tightrope walker in a hurricane. Yet, Bitcoin, that sly fox of the crypto woods, remains curiously unimpressed, as if it has grown weary of the old narrative that a faltering dollar must always herald its ascent.
With the market in a tailspin, WLD dipped beneath its short-term moving average (EMA20), a signal as clear as a foghorn in a thunderstorm: the bears were in charge, and the bulls were busy polishing their monocles.
As XRP flounders about in the mid-$1 range-caught in a rather tedious sideways dance akin to a cat contemplating its reflection-this prediction emerges like a beacon of hope amidst weeks of lackluster market performance. The analyst asserts that XRP has concluded its wave 2 accumulation phase, and is now primed for a meteoric rise. Quite the leap, wouldn’t you say?
So, Dragonfly Capital just pulled off the financial equivalent of winning the lottery during a recession with their new $650 million fund. Managing Partner Haseeb Qureshi shared that this is a classic case of “we’re not dead yet!” Well, at least not emotionally.
He’s basically saying, “Disagree with me on one thing? Great! Disagree with me on everything else? Still great! Just don’t expect me to host a family therapy session.”
Crypto market sentiment has dropped to rare lows, and Matrixport says this shift may mark a turning point for Bitcoin. Imagine a toddler having a tantrum-except this time, the tantrum is in the form of a 40% price drop and a collective sigh of despair from investors.
The company announced on social media that it’s shutting down due to declining user numbers and ongoing financial losses that made it impossible to continue operating.
Michael Selig, the Commodity Futures Trading Commission’s intrepid leader, recently declared that the crypto market structure bill-long debated with all the urgency of a sloth in molasses-is now “on the cusp” of becoming law. One imagines him staring into the horizon, hand shielding his eyes, whispering, “Is that a bill I see before me, or merely a phantom born of wishful thinking?”
Our dear Pepe (PEPE) finds itself in a delightful early stage of structural recovery after a spectacularly sharp deviation beneath a major high-timeframe support level. What seemed like a disastrous breakdown has turned out to be naught but a fleeting moment, as the price reclaims its lost glory with the confidence of a well-timed bullish engulfing candle.
As part of my research, I’ve been monitoring market sentiment using Coinglass OI-weighted funding rates. Currently, the rate is at -0.0048% as of Tuesday, and it actually turned negative on Monday. While it might seem like a small number, this indicates that short sellers are currently dominating – meaning more traders are positioned to profit from a price decrease than from an increase.