Did The Devil Himself Buy Bitcoin? Cryptocurrency Flirts With $100K 😈

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  • Bitcoin blushed at $97,800 on the 2nd of May, now languishing at $96,231.22, a comedic slide of 0.88%. Even Icarus fell less stylishly.
  • The RSI cackles with bullish intentions, eyeing $107,000 resistance as a cat eyes a canary.
  • A pause in tariffs (much like a drunk uncle at a wedding) and ravenous institutions fuel a crypto carnival.

Bitcoin, flustered and breathless, is presently down 0.88% over 24 hours—trading at $96,231.22. This comes immediately after a feverish moonwalk to $97,800 on May 2. The world’s largest cryptocurrency is now staring at the $100,000 barrier the same way Margarita eyed the Grand Ball: with dread, hope, and faint indigestion.

Do you remember the dark and stormy night of early April, when Bitcoin languished at $73,400? From there, just 30% and a few existential crises later, it soared to $97,800 by May 2. Economic uncertainty swirling in the ballroom, trade policies whirling like tipsy waltzers—one might suspect Behemoth himself is holding the market by the tail. On May 1st, as if hearing the click of Azazello’s pistol, Bitcoin sliced above a crucial pennant. Market data (whispered behind gloved hands) imply an encore of this escapade.

Source – X (not to be confused with the letter that marks Woland’s spot)

Bitcoin’s RSI, according to the oracles at Glassnode, is prancing around the overbought territory. Should the jubilation persist, $107,000 resistance waits above—like a surly doorman refusing entry to gain-chasing investors. Those enterprising souls who bought the dip are already picking out new yachts and possibly monocles.

Source – X

Meanwhile, the network’s bacchanal continues: X’s scribes report 925,914 unique addresses in delirious activity over 24 hours. On-chain transactions rise like champagne bubbles—always a herald of swelling prices and, possibly, tomorrow’s regrets.

What’s Lighting This Crypto Samovar?

Behind every fever, there’s usually a compelling rumor. Bitcoin stands like a battered maestro, conducting its own myth: a safe haven asset squabbling with stocks, shivering at trade policy changes. Blessed be the tariff pause, bestowed by the spectral hand of Trump—a plot twist worthy of Berlioz’s ghost.

Of course, Europe has its own drama. When BlackRock—the money Koschei of Wall Street—launched a Bitcoin ETP in March, the invitation to institutional investors was sealed with a golden stamp (and perhaps a stick-on beard for regulatory disguise). As regulation molts and blooms, Europe’s elite dive in, clutching their ledgers and umbrellas against the digital rain.

Only 21 million Bitcoins exist, as if Satoshi himself feared the return of the loaves and fishes. Consequently, demand hungrily snaps up supply—pushing the market cap to a sparkling $3.1 trillion. Not even Pontius Pilate could have predicted this.

Is There a Devil in the Details? 😏

Yet, the $100,000 summit looms—a psychological Everest guarded by technological snow leopards and the inertia of profit taking. Should the masses waver, a domino of “sell orders” may tumble down the mountain.

Stateside, new economic numbers arrive as often as Professor Woland’s prophecies: inflation, jobs, the perennial anxiety. Trump’s tariffs—ever pausing, never dead—linger in the wings, much like a bureaucrat at the door, ready to crash the party. If inflation should spike, crypto’s knees might tremble.

Still, let us not forget: from $1 in 2011 to the present, Bitcoin’s climb has resembled a ballad sung by madmen. Adoption grows, fortunes swoop and dive, and somewhere, the devil (or perhaps just a hearty speculator) is grinning in the dark. đŸŸ

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2025-05-04 06:11