Fundstrat’s Tom Lee doth declare that the crypto market’s weakness since mid-October is naught but the lingering ghost of the Oct. 10 liquidation cascade, a derivatives-driven tempest that followed a most unexpected announcement of 100% tariffs on Chinese imports. 🚨
Lo, the so-called steadfast guardians of Bitcoin’s future now shuffle like penitents, their once-unwavering faith now a flickering candle in a gale. Swissblock, that oracle of on-chain truths, whispers of a silent exodus-long-term holders liquidating their “bags” with the grace of a scolded schoolboy. What heresy is this? Where is the “resilience” they boasted in 2021? A joke, perhaps. A cruel one. 🙃
Our dear analyst, Crypto Patel (whose name sounds suspiciously like he might be handing out life advice with a side of crypto tips), has noticed something alarming. The $0.0000059 support has vanished like a magician’s assistant-gone, and in its place, it’s now acting as resistance. Patel suggests this little trick means that the trend is still comfortably favoring sellers. Lovely, right?
In what can only be described as a financial hoedown, 21Shares has unleashed a veritable menagerie of crypto ETPs upon the unsuspecting Nordic market. Among the newcomers are Aave (AAVE), Cardano (AADA), Chainlink (LINK), Polkadot (ADOT), and two crypto index baskets (HODL, HODLX). Why stop at one when you can have a whole circus, right? This move, they say, is in response to the “consistently high demand” from the Nordic crowd. High demand, you say? Must be all that herring and meatballs fueling their crypto dreams. 🥓🤑
According to BitGuru, a master of the technical arts, the question remains: What does Dogecoin need to break through in order to soar again? A simple answer, of course, but one that may prove elusive…
This news comes as Kraken has been making significant changes. They recently completed an $800 million funding round and, on November 19th, quietly submitted paperwork to become a publicly traded company.
So, guess what? Blackrock just registered a new Delaware statutory trust called the Ishares Staked Ethereum Trust. It’s their first step in launching a staking-focused Ethereum fund. Because why just invest in Ethereum when you can also earn rewards by… staking it? Genius, right?
Oh, the audacity! In the year of our Lord 2025, the Aztec network, that most enigmatic of creatures, has launched its mainnet-though not without a few… quirks. Behold, the “Ignition” mainnet, a chain that generates blocks like a clockwork marvel, yet lacks the smart contract execution layer, as if the architects were merely testing the waters with a feather duster. 🤯
Tether, the mastermind behind the world’s most prodigious stablecoin, USDT, has announced with no small degree of pomp that it has invested in Parfin, a Latin American establishment devoted to crafting digital asset infrastructure for the more discerning institution. 🏦
The 4-hour chart, that most tedious of timeframes, reveals a bullish divergence so subtle it could be mistaken for a yawn. Lower lows in price, higher lows in RSI-how thrilling! Analyst Chad, ever the optimist, claims this follows an extended stretch of weakness that sent the token tumbling from $0.15 to $0.13. One must commend the RSI for outpacing the price in its descent, proving even downtrends have their own momentum. 📉✨
