“What a smashing idea to jump into BTC!” bellowed Eric Trump, like a man selling the Eiffel Tower. 🤣
After his previous tweet, which had ETH leaping like a startled rabbit, BTC just yawned and stretched, still lounging at a lazy $98,000. 🛌
Bitcoin took a little dive, like a stone in a pond, reaching $96,200 – a 7% nosedive in a week. It’s now wobbling around $98,200, as if it had one too many at the crypto party. 🥴
Once upon a time, it soared to $102,000 after Trump’s trade tariffs took a nap. But oh, how the mighty have fallen – or rather, dribbled away. 📉
Feels like a great time to enter #BTC! @worldlibertyfi
— Eric Trump (@EricTrump) February 6, 2025
Despite crypto’s fundamentals doing the tango, BTC is still down 10% from its sky-high days. And boy, did it take a tumble on Feb. 2 – an 8% nosedive that had everyone holding their breath. 🙊
“Bitcoin is as secure as a fortress,” boasts the White House crypto czar, David Sacks, conveniently forgetting it’s older than 12. 🧓
Crypto czar, David Sacks says Bitcoin is a great store of value!
— borovik (@3orovik) February 5, 2025
Sacks also dreams of crypto innovation dancing back to the U.S., as if it’s a lost puppy. 🐕
“We want digital assets to frolic here, not abroad,” he declared, with stars in his eyes.
‘Plan B’, the Stock to Flow wizard, still sees the bright side, claiming Bitcoin is entering the “FOMO frenzy” stage. Let’s hope it’s not just a mirage. 🌵
->
Almost 1 year since the halving, bitcoin red dots are turning orange (and then yellow): entering the 2nd stage of the bull market, the steep FOMO stage.
— PlanB (@100trillionUSD) February 5, 2025
Altseason remains a fairy tale, with ‘Rekt Capital’ noting that the strongest seasons occur when Bitcoin dominance hits 71%. Currently, it’s at 61.3% – a long way to go, or a short fall down? 🧚♂️
Even with crypto-friendly news, like the SEC’s enforcement division going on a diet, and Trump’s sovereign wealth fund, the market’s still doing the backstroke. 🏊♂️
Total market cap took a 1.4% dive, like a sinking ship, while Ethereum is trying to swim back to $2,800. Most altcoins are drowning in red. 🌊
XRP, SUI, and Hedera (HBAR) took a beating, while Litecoin (LTC) managed a tiny splash in the right direction. 🚣♂️
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2025-02-06 10:36