If this trend keeps up-roughly 45-55 million XRP evaporating weekly-Binance might soon find itself with less than 2.65 billion XRP, with a sneaky move to 2.55 billion before Santa’s sleigh hits the sky. And let’s be honest, that’s basically pre-pandemic levels, but now they come with a side of “more institutional demand,” which is fancy speak for “way more people who actually know what they’re doing.”
The charts, my loves, are simply divine. That falling wedge breakout, which first graced us in October, has now confirmed its starlet status. A quick retest of the upper boundary? Oh, just a bit of post-breakout theatrics, nothing to fret about. By late November, the stage was set for Act Two of this recovery drama. Bravo! 👏
Wedson, with the air of a man who has just discovered fire, points to the “explosion” of perpetual futures trading. Traders, funds, and high-frequency desks-those modern-day alchemists-are forsaking the mundane spot market for the heady thrills of leverage. How très chic! 🌪️
Now, let’s not get ahead of ourselves. This influx is happening just as SHIB is trying to do its impression of a phoenix between $0.0000085 and $0.0000087. Spoiler alert: it’s still below all the fancy EMAs (that’s chartspeak for moving averages, sweetie)-the 50, 100, and 200-each still pointing south like a bad date. That recent little bounce? Just a technical hiccup, not a miracle that invalidates our good old downtrend. Sorry, optimists.
BTC’s doing its best V-shape impression, sneaking back past $92k. But is it really out of the woods? Not yet, folks. Options leverage is heating up faster than a microwave leftovers, resistance levels are looming like a bad hangover, and market fears are still hanging around like an uninvited guest. 😬
At first, the sender and receiver were wrapped in a cloak of mystery, much like the contents of an ancient, dusty vault. The addresses were unknown, and the world sighed in unison, “Ah, yes, a classic move.” But then, the plot thickened. Enter the wallet tracker, “XRPWallets,” a name that surely evokes the image of a diligent librarian, unearthing this cryptic transfer. The wallets revealed their secrets: the money came from a BTC Markets address and ended up nestled safely in a BitGo subwallet. A move so calculated, it could only be the start of something far more sinister-or maybe just a fresh storage branch. Who knows? Certainly not us.
Her firm, ever the intrepid hunter of bargains, has been swooping down on the dips like a hawk on a field mouse, snapping up shares in such plebeian enterprises as Block, Coinbase, and Robinhood. And let us not forget her dalliances with Circle and Bullish, for even the most discerning investor must occasionally stoop to conquer. 💼✨
Yes, folks, $HBAR is officially back in the Coinbase 50 Index (COIN50). It was there, then it wasn’t, and now – surprise – it’s back again! Not just any return, mind you. The KraneShares Coinbase 50 ETF will also include $HBAR, which is a massive step forward for the little token that could.
On Wednesday, Assistant Treasurer Daniel Mulino took the stage (probably with a mic drop) to announce that all crypto companies, from exchanges to custody providers, must now get themselves an Australian Financial Services License (AFSL). Apparently, if you want to trade in digital assets, you’ll need a real license-because apparently, the free-for-all was getting a bit too much for the government to ignore.
And so, it trades at $3,037, a gain of 3.5% today. But let’s not get carried away. Only a month ago, it tumbled almost 40%, a fall from grace that left it 38% short of its former glory-August’s fleeting $4,946. All a bit dramatic, if you ask me. 🎭
