With Congress set to debate several crypto bills this week, including those regulating stablecoins and digital asset classifications, traders are preparing for heightened volatility. BeInCrypto has analyzed three altcoins to watch closely during the US Crypto Week.
In a tweet that was equal parts confusing and amusing, Schiff wrote, “The silver train keeps on quietly chugging along 🚂. This morning it’s above $39, its highest since Feb. 2012 📈. The rise in silver is far more significant to the real world than Bitcoin’s new high 🤔. Industries that need silver will now have to pay more to buy it 💸. No one needs Bitcoin 🚫.”
So here we are, on July 14, with Bitcoin (BTC) trying out for the title of “Most Dramatic Price Rise,” hitting an eye-popping peak of over $123,000. I mean, at this rate, it’s about to donate a kidney just to outshine Amazon and stand proudly as the fifth-largest asset on the planet. Who needs a good credit score, right?
This strategy, reminiscent of Donald Trump’s campaign, may prove to be a double-edged sword ⚔️. While it could bring in much-needed funds, it also risks alienating Democratic voters who are increasingly wary of crypto’s influence 🤔.
Bitcoin’s surfing the waves of exchange order-book liquidity like a pro, but those gnarly gains are plateauing around $120,000, dude. 🏄♂️
Even in the quagmire of this absurd marketplace, Coinbase, in its unladylike haste, decided upon the listing in a mere day, as if knowing the fickle nature of the crowd. “Users could engage with the token positively and safely,” mused Paul Grewal, the Chief Legal Officer, with a measure of irony that could make even the most stoic chuckle. Yet, the very decision was colorfully wrapped in the caveat of being an “experimental” token, thus gently nudging participants to expect the unexpected, including wild price fluctuations. 🎢
The Dow Jones Industrial Average, which had been on a bit of a winning streak last week, decided to take a 100-point nosedive. It’s like the stock market’s version of a roller coaster, but without the fun. Losses in early trading added to the general mood of “what did we do to deserve this?” following President Donald Trump’s renewed tariff threats. The S&P 500 and the Nasdaq Composite, not to be outdone, also opened lower on Monday, just to keep things interesting.
Once a maestro of 12 uninterrupted weeks of ecstatic Bitcoin purchases, Saylor whispered sweet nothings on social media—hints that ignite the hope of another melodramatic buying spree.
XRP now graces the exalted rank of #2 on Coinbase (right behind our beloved Bitcoin), flaunting an astonishing trading volume of $413 million in merely 24 hours. How charming! At this very moment, Ripple’s enchanting token is waltzing at a price of $2.96, boasting a 6% increase in daily charm and a delectable 29% gain over the week. A mere trifle, one would say, all thanks to the insatiable thirst of our large holders. 😏
