When Bitcoin Roars Louder Than History’s Absurdities đŸ’„đŸš€

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What to know:

  • The digital chimera known as Bitcoin has surged 11% to $95,000 this week, echoing a frenzy not witnessed since the trembling days of November 2024.
  • U.S. trading halls for spot bitcoin ETFs greedily swallowed $2.68 billion in fresh capital—an appetite not seen since the frostbitten December winds blew.
  • A seer, dressed as the CIO of Ledn, predicts Bitcoin might transcend to $130,000 by late 2025 or early 2026—if the fates permit.

Bitcoin, that rebellious child of code and chaos, marched onward on Friday, striving for its grandest weekly feat since the bewildering election of Trump. The cryptic beast hovered near $95,000, up a modest 1.8% in the last 24 hours—like a persistent shadow defying a storm.

Not far behind, Ethereum’s ether danced ahead by 2%, flirting around $1,800. Sui’s native token, the antiquated Bitcoin Cash, and the enigmatic Hedera’s HBAR spearheaded gains in the CoinDesk 20 Index, a carnival of madness where fortunes are made and lost without ceremony.

These triumphs crown a market clawing back from the abyss of April’s tariff terror. Over 11% ascent since Monday—a surge reminiscent of the chaotic jubilation triggered by the 2024 American electoral spectacle. Such times are guarded by memory’s fickle fingers.

Even the insatiable ETF investors awoke from a brief slumber, funneling $2.68 billion into bitcoin ETFs — their most voracious feast since last December, lengthening the line of hopefuls around this modern-day Prometheus.

BTC Unshackled

David Duong, an oracle from Coinbase Institutional, murmurs of Bitcoin’s estrangement from the old world’s pillars: stocks, gold, and other relics of eras past. “A rare inflection,” he calls it, witnessed fully only in the rearview of history’s dust.

“This divergence,” Duong writes, “reveals Bitcoin’s evolving stature as a fortress of value—a respite from the storms rocking mortal markets.” A fortress whose walls are digital, yet somehow all too human in volatility.

Following the gospel of Michael Saylor, new apostles like Twenty One Capital, armed with backing from Tether, Bitfinex, SoftBank, and Cantor Fitzgerald, pledge to guard 42,000 BTC as one might hoard bread in a famine.

Meanwhile, Dr. Kirill Kretov espies a dangerous dryness in the market’s veins: liquidity has ebbed like a river in drought, rendering prices frail and prey to the whims of titans. “The market is thin, vulnerable,” Kretov warns, “and a 10% swing is but a casual amusement for the giants.”

The Labyrinth Ahead for Bitcoin’s Ascendancy

The saga’s path may twist and stumble, yet John Glover, an interpreter of Elliott’s cryptic waves, sees the dawn of Bitcoin’s final bullish wave, the fifth stroke in a grand ballet spanning years.

Elliott’s theory imagines markets pulsating like the collective heartbeat of humanity—surging and retreating in five waves. The first, third, and fifth waves surge forward with defiant joy, while the second and fourth wave sulk in corrective gloom.

Though a retreat to $75,000 remains a specter in the night, Glover confidently peers towards a pinnacle near $133,000–$136,000 by the end of this year or start of the next—a monument to man’s perennial hunger for hope in numbers.

And so we watch, half-amused, half-incredulous, as Bitcoin dances on the edge of chaos and greatness. Shall it crown new heights or stumble into the abyss? Only time and the absurdity of fate shall tell. đŸ€ĄđŸš€

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2025-04-26 02:27