Bitcoin’s market is currently being run over by long-term holders like it’s a cryptocurrency carwash. “Hold your horses!” they used to shout during dips. Now? “Cash out before the party ends!” 😅
Among the crowd, IBIT distinguished itself-not with grace, but with a 9.59% YTD drawdown. A rare underperformance, indeed, as if it had stumbled on the dance floor while everyone else glided effortlessly. 🕺💸
Strategy Inc., in a move that would make even Moist von Lipwig raise an eyebrow, has puffed up its U.S. dollar reserve by $748 million, bringing the total to a staggering $2.19 billion. According to a Form 8-K filing (because nothing says “we’re serious” like a government form), this was confirmed by Executive Chairman Michael Saylor, who presumably announced it while standing on a pile of gold coins. 🏦💸
JPMorgan Chase is finally considering crypto trading for big clients, per Bloomberg. Because why let actual innovators have all the fun? Now they want to join the party, even though they’re 10 years late and still don’t get it. 🤷♂️💸
Tax season is creeping up like that awkward ex who still texts you “Happy New Year.” And with 2025 basically being a microwave burrito (half-cooked and already burning), investors better start sweating the small stuff. Spoiler: Crypto taxes are the adulting version of a group project. Nobody wants to do it, but if you don’t, the IRS shows up to your party with a calculator and a frown. 😬
gained 4.5% to $1.63, a glimmer of hope in the crypto inferno, even as trading activity remained muted, with 24-hour volume falling 29% below its 30-day average, according to CoinDesk Research’s technical analysis model. 🧠💸
Internal data, as revealed by the Financial Times, paints a picture of 13 user accounts-a veritable gallery of sinners-processing $1.7 billion in transactions from 2021, with $144 million of that sum spirited away after the November 2023 agreement. One might imagine the devil himself chuckling at the irony, for what is a plea if not a prayer for redemption, and what is redemption if not a promise to stop dancing with demons?
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The winds of change blow favorably, as CryptoQuant reveals that the 30-day moving average of Ethereum Taker Sell Volume has dipped to a mere $6.3 billion-the lowest since the golden month of May! Such a decline suggests that traders, no longer gripped by panic, are quietly pondering their next moves while sipping herbal tea and contemplating the meaning of life.
Despite the occasional rally, like a stubborn mule kicking up dust, XRP remains a far cry from triple-digit glory. The chasm between optimism and reality has grown wider than the Grand Canyon, forcing some in the XRP camp to rethink their timelines. It’s like watching a farmer pray for rain while his crops wither-hopeful, but maybe a tad delusional. 🌾💨