As a crypto investor, I’m really excited to see Bitcoin finally break through the $80,000 mark! It’s been a tough level of resistance for a while now. And looking at the last month, it’s up over 20% – a fantastic run so far, according to crypto.news data.
Such a volume of taker buys indicates that these purchasers were not the patient sort, placing limit orders and sipping tea while waiting. No, they were hitting asks with the fervor of a man chasing a runaway hat, paying any price to be filled posthaste. At a psychological level like $80,000, this isn’t patience; it’s pure, unadulterated urgency, my dear fellow.
Bitcoin, my pet, found its footing near $78,000 and embarked on a fresh romp upward. It breezed past $78,500 and $78,800 with the effortlessness of a Coward quip. The bulls, never ones to miss a spotlight, propelled it above $80,000, reaching a high of $80,336 before settling into a consolidation phase-a brief intermission, if you will.
This week, New York Attorney General Letitia James revealed a settlement that resolves issues surrounding Uphold’s involvement with CredEarn, a cryptocurrency savings product offered by Cred, LLC and its CEO, Daniel Schatt.
He said Washington’s sanctions campaign is now coming after Iran’s “access to crypto,” alongside oil exports, shipping networks, and the shadowy lanes of banking that do their business in the dark. The campaign, he explained, would not stop at the obvious things you can see-oil and ships-but would reach for the new coins that drift and glitter in the electronic ether.
Crypto markets have been dancing to the tune of US-Iran ceasefire headlines like a bunch of witches at a maypole. Friday’s risk-on bounce-which waltzed into nearly $630 million of US spot bitcoin ETF inflows-was all about whispers of peace. But by Sunday, President Donald Trump (yes, he’s still around) popped up on Truth Social to say the Iranian proposal was about as acceptable as a vampire at a garlic convention. BTC promptly did its best impression of a confused badger, drifting sideways. Traders now need to clear $78,600 for a January-style weekly close. Easy peasy, right?
Pi Network ecosystem activity is expanding as CiDi Games shares its blockchain game launch roadmap.
So, here we are. Aster Chain, the so-called Layer 1 for derivatives trading, has hit this milestone. Fast order processing, smooth user activity-sounds like a dating app bio, but for blockchain. And it supposedly does all this with private, gas-free transactions. Sure, because nothing says “privacy” like a public ledger.
Key Takeaways (because who has time to read the whole thing?):
