Markets What to know: XRP, that once-proud token, has tumbled 6.4% to a mere $2.20, a fall as graceless as a socialite slipping on a banana peel at the opera. 🍌🎭 Trading volume surged 126% above average, a spectacle of institutional panic selling that would make even the most stoic investor blush. 💼💨 Traders, those … Read more
Thanks to CryptoQuant’s SSR (Stablecoin Supply Ratio), something resembling a meaningful pattern is surfacing. When SSR’s numbingly precise metric lands within the 13-14 range, it’s akin to a galactic bingo. This cryptic ratio – effectively a juxtaposition of Bitcoin’s market cap with the world’s hidden stash of stablecoins – often signals some serious dry powder is hoarding beneath the surface like pirates burying treasure. And when it drops, it’s not just washing its bits, but prepping for another big bash with Bitcoin as the guest of honor.
They put it in the “Consumer & Culture” sector, alongside… Dogecoin. 🤦♀️ Honestly, it’s breathtaking. Apparently, it’s about “community” and “entertainment”. Right. Because investing your life savings in a meme coin is a healthy hobby. It’s practically a form of performance art.
Ladies and gentlemen, let me introduce you to the mysterious phenomenon of Zcash (ZEC) and its “unexpected” 710% rally! Are we witnessing a paradigm shift in crypto culture or merely a mirage while Bitcoin enjoys its perfect Instagram post? The latest hush-hush report by Galaxy Research whispers of cypherpunk ideals that persist like millennials clinging to vinyl records.
Ethereum’s ether just tumbled more than 20% by Tuesday in a two-day rout that almost look like the October 10 crash. 🤯 (It’s like the market decided to take a holiday from logic.)
Analysts predict BTC might stabilize between $107K-$113K if demand rebounds faster than a toddler’s mood swing and liquidation pressure eases. Optimism, one imagines, is in short supply.
Our curious researcher, Julio Moreno, took to the social jungle platform X (formerly known as Twitter-what a mouthful!) to share his findings. Instead of staring longingly at how long folks hold onto their coins (the HODLers), he looked at the other side of the coin-demand. Because if no one’s wanting to buy, the price might just start to whimper.
Yet, amidst this financial maelstrom, Solana stands tall, a phoenix rising from the ashes of doubt. With $421 million in inflows, it crowned itself the darling of the week-its second-greatest triumph, no less! The new US ETFs, those shiny baubles of modernity, have propelled it to a year-to-date total of $3.3 billion. Ah, the whims of fate! 🌟
Solana ETFs kick off with a bang, raking in over $400 million-because who doesn’t love a good gold rush? 🤑
As of 2:30 p.m. Eastern time, bitcoin has been on a wild ride, swinging between $100,175 and $107,302 per coin while sliding 5% against the greenback. On some exchanges, like Bitstamp, bitcoin dipped below the $100K mark. It’s like watching your neighbor’s overpriced Tesla depreciate faster than their patience for your yard gnomes. 🚗💨
