After months of distributing Bitcoin as its price soared to dizzying heights, these whales – you know, those wallets holding 10,000 BTC or more – are now stocking up as prices take a dip. It’s a classic case of ‘buy low, sell high’, folks!
VanEck, with a flair for the dramatic, has tossed its hat into the ring, filing for a trust that could blossom into a BNB ETF. This move, my dear readers, is nothing short of a siren call to the crypto enthusiasts, beckoning them to a feast of regulated investments in the wild, wild west of digital currency.
As the United States’ crypto regulatory landscape continues to evolve, Brazil is taking note. 🤔 The country is considering issuing its own stablecoin, and Brazil’s largest bank, Itaú Unibanco, is leading the charge. 💪 With over 55 million customers, the bank is eyeing a proprietary stablecoin that could revolutionize the way Brazilians think about money. 💸
For Schiff, the moral of the story is as clear as a polished doubloon: gold reigns supreme as the ultimate safe haven, while Bitcoin is but a fleeting wager in the casino of life. 🎰
But fear not, dear crypto enthusiasts! Some juicy developments in the Hedera ecosystem, coupled with a sudden case of bullishness among investors, might just spark a price rally that’ll make your heart sing 🎶.
So, let’s talk about Total2 – a fancy little chart that tracks the combined market capitalization of all cryptocurrencies, excluding Bitcoin, because why not give Bitcoin the fame? Right now, it’s balancing on a seriously wobbly ledge at $966 billion. Think of it as that one friend who’s perpetually late to the party and somehow still manages to get the last slice of pizza. They’ve got one more shot at stability, but just below lies the $936 billion support. If that goes south, we might be in for a dive down to $780 billion, or hell, even $670 billion! Someone get a life preserver! 🏊♀️💦
In case you’re wondering, Pi is currently scraping by at:
Aristov, ever the dramatist, explained during a session of the Federation Council Committee on Constitutional Legislation and State Building how seizing bitcoin is like trying to catch a ghost in a haunted house. Upon discovering these cryptic coins in an investigation, law enforcement had to find ways to sell the detected assets without losing their minds in the process.
Hayes, the former maestro of BitMEX, posits a simple yet hair-raising challenge for Bitcoin: maintain a price above $76,500 per BTC, like a tightrope walker above the Niagara Falls, no safety net. If Bitcoin manages this feat, the market might just exhale in relief, possibly ending the suspenseful rollercoaster we’ve all been riding. Fail, and we’re strapped in for more of the same stomach-churning sideways motion. 🎢
The Bitcoin blockchain’s hash rate, that most impressive of metrics, continues its relentless ascent, revealing a most curious divergence between the network’s activity and the price of its native token, bitcoin (BTC).