The week began promisingly enough, the air thick with whispers of a trade agreement between America and China. Rumors, of course. They always are. It briefly lifted spirits, not just in the crypto world, but in the stock markets as well – a curious symbiosis, wouldn’t you say? Like two sickly plants briefly leaning on each other for support. Bitcoin ( BTC) briefly touched $116,381, a fleeting moment of optimism before… well, before reality intervened.
“The Woman in the Hat,” the Season 28 premiere of this animated spectacle, doth take a jab at the meme coin mania that hath gripped the masses. 🧢✨
On November 1, Bloomberg’s Eric Balchunas noted the fund’s meteoric rise, placing it among the top 20 ETFs globally. One might think the stars themselves had conspired to bless this venture-or perhaps the investors were simply sleepwalking toward the next financial folly. 🤷♂️
Amid the carnage, a curious truth emerged: BTC-backed lending, that alchemy of finance and code, had transformed a potential disaster into a calculated exit. A modern fable, really-one where the wolves of volatility were tamed by spreadsheets and smart contracts.
Back then, DOGE had a modest little climb – a whole 7% rally between 2017 and 2018, taking it from approximately nothing to slightly less nothing. Pretty exciting stuff. Now, traders are peering intently at the present-day squiggles, declaring them “familiar” and predicting a “notable move”. Which, in Dogecoin terms, could mean anything from a fractional uptick to a full-blown rocket launch. 🚀
While the rest of the crypto world was busy yawning (0.3% growth, really?), privacy coins were living their best lives. Railgun (RAIL) and Dash ( DASH) stole the show, both strutting their stuff with over 50% gains in 24 hours. RAIL hit $4.53, and Dash sashayed to $75. Werk. 💃💰
Enter Batman (yes, really), the crypto analyst who’s been watching Bitcoin like it’s a soap opera. According to Batman, Bitcoin’s been consolidating for weeks in what can only be described as a massive descending triangle. And while every time we think it’s going to dip, the market gives it a little love tap, sending it back up-because even markets need emotional support, right? It’s like watching someone resist a breakup text. Classic pattern, folks. We’ve seen this before and it usually ends in a big breakout. But no pressure, Bitcoin. Just change the game, as usual.
In a moment of divine revelation, Morgan pointed to an SEC filing from Virtu Financial, which boasts 22 million XRP on its balance sheet. A mere $55 million, but oh, what a trifle for a company with a $5 billion crown! 🤑 The lawyer, ever the optimist, declared it “financially robust,” as if the altcoin’s fate hinges on the whims of such titans. 🐉
Arkham Intelligence reports that Galaxy handed over two hefty handfuls of ETH-3,818 and 3,842-like passing notes in class, all at around three thousand eight hundred twenty-three dollars a coin, nearly on the dot with the market’s rhythm. Easy money, or so it seems, for those in the know, shuffling stakes quietly while the herd chews cud at public exchanges.
Spot Solana ETFs just hit $502 million in AUM, thanks to the Bitwise Staking ETF (BSOL), which gained 5% in a day. Because nothing says “smart investing” like staking yields that make your wallet do the cha-cha. 💃🕺
