Crypto News

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. 🚗💨

It seems the market, ever the fickle mistress, has decided to punish anyone daring enough to hold onto riskier assets. Naturally, the stocks of Forward Industries have suffered like a once-grand mansion now left to rot. Let’s break it down, shall we?

They’re All Buying Bitcoin Instead 🙃

According to CoinMarketCap (aka the crystal ball of crypto), the total market cap dropped 6.24% to $3.35 trillion. That’s a lot of avocado toast, people. 🥑🍞

According to the valiant defense team (who, let’s be honest, are either incredibly optimistic or simply out of their minds), Sam Bankman-Fried’s legal battle is not so much about the fraud as it is about the “mob mentality” that supposedly led to his conviction. He was, they say, “presumed guilty” long before a single charge was leveled against him. This perceived bias, they argue, denied him a fair trial. And thus, we have our modern-day hero, battling the forces of media, prosecutors, and the courtroom itself.