With the Federal Reserve’s rate-cut whims fluttering like a moth in a storm, key data releases and high-profile speeches threaten to send BTC and its eccentric cousins-the altcoins-on a wild ride.
Last week, Canaan issued a statement that probably made investors groan louder than a dial-up modem. They confirmed receiving a formal “you’re failing” letter from Nasdaq about violating Listing Rule 5550(a)(2)-the rule that demands a $1.00 closing bid price for 30 straight business days. Because nothing says “stability” like a stock that can’t even hit a dollar. 💸
“It’s an exercise in pure intellect,” says he, as if brandishing a quill amid the rustling leaves of crypto revolutions past. “Seems our dear Brad is quite the incarnation of the principle himself, with genuine ardor and amiable concern. The cypherpunk spirit is aflame in him, ostensibly attempting to champion the noble intentions of our beloved technology.” What a delicate dance of words it is!
EU trade tensions are escalating faster than a sitcom family feud, and Federal Reserve’s got some tricks up its sleeve. The crypto market? Yeah, it’s feeling the pressure-big surprise. 🥴
However, it appears Mr. Vitalik Buterin, that esteemed co-founder, now proposes a most peculiar course – a retreat, as it were. He dares suggest that Ethereum’s continued existence demands precisely the opposite of such expansion. Such a notion! ✨
What makes DUSK so alluring? And what do the cryptic signals of on-chain data foretell? Let us dive into this peculiar tale with a mix of curiosity and skepticism 🕵️♂️.
Writing on X – a platform increasingly resembling a digital town square filled with pronouncements and pointed jabs – Mr. Armstrong declared the report inaccurate. One pictures him penning the message with a sigh and a perfectly manicured eyebrow raise.
Bitcoin, bless its volatile heart, decided to stumble into the new week looking a bit…bruised. It fell below $92,000, which, honestly, sounds like a lot of zeros for something you can’t actually touch. As of right now, it’s hovering around $93,000, absorbing a wave of selling pressure. Brisk volume, they call it. I call it panic. 🤷♀️
Lo and behold, this latest inflow-a veritable waterfall of capital-heralds the triumphant return of demand among US institutional investors. And what of our beloved Bitcoin? Why, it too has responded with a joyous leap, soaring as high as $97,500, leaving mere mortals to ponder the whims of the market with a slightly raised eyebrow. 🤔
In the past 24 hours, this DeFi liquidity-loving blockchain has done a jig, rallying a whopping 15.48%-and if that weren’t enough, it’s strutting around with a sassy 62.58% increase over the week! Talk about a glow-up! 💃
