Alright, hold onto your hats because things are getting wild in the crypto world. Dogecoin? It’s still riding high after a cheeky 5% daily boost and a *stunning* 42.5% monthly rally. You heard that right—42.5%! All thanks to some *rather* unexpected moves in the Bitcoin camp.
Enter Saudi Arabia’s Central Bank. Yeah, you read that correctly. Saudi Arabia is diving into the crypto game, and they’re doing it in style. On May 16, they decided to grab a whopping 25,656 shares of Strategy (formerly known as MicroStrategy). No biggie, just a casual $10.2 million investment. Oh, and did I mention this all went down during a visit from former U.S. President Donald Trump? Because of course it did. 🤷♀️
This isn’t just a random investment though. Nope. This is being *wildly* interpreted as Saudi Arabia’s big, bold, and rather dramatic signal of Bitcoin adoption. In case you missed it, Saudi is now officially a fan. 🎉 And guess what? That’s got the whole crypto world buzzing.
Ethereum decided to join the party with a 3% jump, reclaiming its spot at $2,550. And just in case you didn’t get the memo, trading volume surged from a “meh” $12.5 billion to a *much more exciting* $15 billion. 🤑
And then there’s Bitcoin, testing the $105,000 mark. Yup, it’s flirting with that level again. Why? Well, there’s speculation that other sovereign wealth funds are going to follow Saudi’s lead. If that happens, we could be in for another *wild* ride toward new all-time highs. Grab your popcorn, folks, this show is just getting started. 🍿
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2025-05-19 02:39