In the bleak Moscow shadows of modern finance, Bitcoin’s beastly jittery dance persisted-the creature that promises salvation or ruin, now stumbling below the sacred $113,000 mark after its flirtation with $116,000 ended in rejection. A spectacle of instability, as if the market itself chuckles and shrugs, “Try again, fools.”
Meanwhile, the other coins-those yeasayers and skeptics-retreat into darkness: XRP, SOL, HYPE, XLM, LTC, TON-all retreating into the red. The line between hope and despair is as thin as a Siberian winter moustache.
BTC’s Insecurity Continues
Ah, the grand drama! Last Wednesday, the Federal Reserve-those stern watchdogs-refused to loosen the purse strings, spiking the market’s blood pressure. Bitcoin, ever the stubborn mule, retreated a few grand but rallied anew, basking at $119,000 on the flourish of a Thursday.
Yet, macro chaos-tariffs! Submarines!-threw a spanner in the works. In a matter of days, the noble crypto plummeted, bottoming out at $112,000 over the weekend. As if the universe itself conspired to remind us, “Fiat is eternal, but not Bitcoin.”
Finally, the bulls-those fools blind with optimism-stirred. A slow, agonizing push saw Bitcoin flirting with $116,000, only to be shoved back, snickering at aspirations. Now it dances around $114,000, a market cap of under $2.27 trillion-more illusion than reality. Dominance? Nearly 60%, enough to make you question if the altcoins have a voice or are just background noise in this tragic symphony.
Alts in Retrace Mode Again
The supportive chorus of Ethereum, once rallying, is now halting before $3,700-settling near $3,600, probably contemplating the meaning of existence. BNB, TRX, BCH-minor casualties-while XRP, SOL, DOGE, HYPE, XLM, and TON shed as much as 4%. The collective lament echoes through the blockchain valleys.
Pi Network’s token, that whimsical attempt at relevance, loses 4%, slipping close to its own “end-of-week” record – perhaps begging for a mercy kill. BONK and PENGU, those flashy rabbits, lose 6-7%-an elegant dance in the graveyard of crypto dreams.
Litecoin, the pretender of resilience, dips 5% after yesterday’s fleeting surge-only to be mocked by its own fleeting illusion of strength. Amidst this chaos, MNT stubbornly clings to a green badge, adding 2-3%, as if mocking the universe’s indifference.
The entire stage is shrinking-another $30 billion lost, leaving total assets below $3.8 trillion. The show continues-hopeless, absurd, yet strangely captivating.
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2025-08-06 12:46