Crypto news

One bold analyst is predicting a “rising wedge breakdown,” which could send BTC spiraling towards the dreaded $30,000. Yikes.

This nosedive erased a two-day rebound from Asia, only for U.S. traders to hit “sell” harder than a kid at a candy store. Institutions and retail investors were left playing whack-a-mole with signals. 🎭

One group says a deeper bear market is forming. The other says the correction already looks like late-stage weakness. This piece focuses on the second group. Several telltale readings now hint that the crypto bull market could start sooner than expected. Or maybe it’s just the universe messing with us.

Japan’s Bond Yields Trigger Shockwaves

Behold, the technical signs-ah, they whisper of a reversal, as though the market were a fickle lover who promises marriage but delivers only a loaf of bread. Analysts, those modern-day prophets, watch with bated breath, their eyes gleaming like coins in a dark alley. 🕵️‍♂️

Unlikely, darling. With a market that’s about as calm as a cat in a room full of rocking chairs, XRP’s current sluggish dance hints that the ETF’s fireworks might be more whimper than bang. 🎆🐦

Coinbase Premium Gap, once a proud figure, now slumming at -$90. Per CryptoQuant, this is U.S. investors’ way of saying, “Pass the smelling salts, I’ve fainted.” Selling pressure? More like a stampede of panicked penguins in a crypto snowstorm. 🐧

Apparently, this was all part of their routine portfolio rebalancing, which is corporate code for “charge headfirst into chaos, as per usual.” Meanwhile, the market’s chorus of crying meow continuously signals that crypto stocks are as popular as a fart in an elevator – BMNR, for example, is down by 9.52%, now trading at $29.18, perhaps contemplating its life choices. BLSH took a 3.63% tumble to $36.39, and CRCL closed at $69.72 after an 8.98% nosedive. Share prices are tumbling faster than a sumo wrestler in a bathtub, yet Ark Invest’s mammoth purchase says, “Yes, please, more dips!”

With a new 39 MW of critical IT power (because all that crypto needs a lot of juice) and Google backing Fluidstack with a cool $333 million, Cipher plans to fund their Netflix-level buildout with debt and about $118 million from their own secret stash. The projections look so good, they practically glow: 85-90% net operating income margin, and project costs of only $9-10 million per MW. Who knew that crypto computes could be so charming?

Well, folks, Plume, that modular RWA-focused layer 2 blockchain (yes, that’s a mouthful), made an announcement this Wednesday. And guess what? Tokenization titan Securitize has decided to broaden its DeFi horizons by launching institutional-grade assets on Plume’s Nest staking protocol. Now, that’s how you expand your footprint in the digital age.