The daily chart for $ETH shows a breakdown of the once glorious ascending trendline from August. Now, I know what you’re thinking: “Oh, maybe it’s just one of those ‘throw the towel in’ moments.” But hold your horses! The day’s not over yet, and who knows? Maybe a sudden boost from the crypto market-or a timely rally when the US stock market opens-will save the day. 📈
The grand appointment of XBTO as market maker for Algorand (ALGO) promises market depth so deep you might require a snorkel (nose plugs encouraged, but not provided). Exchanges will get so lively, you’ll think someone spiked their tea with fizzy lifting drink! 🫖
Bitcoin (BTC) ETFs recorded a rather impressive $179 million in inflows on August 28, a sum so large it could buy you a small country, or at least a few luxury yachts, according to the meticulous records kept by SoSoValue. 📊
Bitcoin had a little moment of fame when it hit $110,000, but alas, the red candle swiftly showed up like the villain at the end of a bad soap opera. And what does it do? Reminds us that the bears are still lurking like the grumpy old uncle at family gatherings. There was a fleeting green candle, looking like it might be something, but it could just be eaten alive by the oncoming wave of rejection.
It appears this digital phantom, once relegated to the shadowy corners of the internet, has somehow infiltrated the hallowed halls of institutional finance. Bitwise, a name that strikes fear into the hearts of traditional bankers (or mild annoyance, at least), posits a robust 28.3% growth rate. Equities, bonds, even *gold* – all left trembling in Bitcoin’s wake. Such pronouncements! One almost requires a strong cup of tea.
Solana, much like a debutante at a ball, has taken to trading within the confines of an ascending triangle-her price marking higher lows whilst gently pressing upon the horizontal neckline as if to say, “Might I take the lead?” This compression of forces strongly suggests that the suitors holding the top positions are gradually surrendering, whilst eager buyers enter with increasing vim at every dip. Truly, it is the stuff of strategies and whispered intrigues.
Yet, this rally, spirited though it was, hasn’t granted PYTH clear vision to the horizon of its own fate. Resting at $0.223, it hovers like a shadow beneath its monumental $1.20 peak, leaving ripples of potential for what could come. Despite the scars of a 16% loss in a year’s span, signs from chains and charts whisper of possible ascent, all with the sharp wind of volatility blowing in their ears.
L’avenir, selon Back, sera une farce financière où les bitcoins remplaceront les lingots d’or, les tableaux de bord deviendront des toiles de maître, et les CFO, ces saints modernes, prieront devant des graphiques en flèche. « Une stratégie à long terme ? » ricane-t-on déjà dans les couloirs de Wall Street. « C’est juste un plan pour survivre à la prochaine bulle spéculative ! » Mais qui sommes-nous pour contredire un visionnaire ? Après tout, qui n’a jamais rêvé de voir ses actions danser la gigue sur une chaîne de blocs ? 💼🚀
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Ethereum just hit a new high of $4,960, which is basically the crypto version of “I’m finally getting my life together… probably.” 🧠 But here’s the catch: it needs to break $5,000, or it’ll be back to square one. Like a toddler with a toy car. 🚗👶