Typically, the Fed cuts rates when things are falling apart-like the Great Depression or 2008. You know, the times when “stagnant economy” isn’t just a metaphor but a vibe. But now? They’re easing policy while unemployment is lower than my patience at a family reunion, growth is happening, and asset prices are doing the cha-cha. Dalio calls it “late-stage economy,” which sounds less like economics and more like a TikTok phase.
Mamdani’s rise, a veritable carnival of populist pledges-free buses, rent-controlled dreams, and childcare handed out like confetti-rests on a precarious edifice: taxing the wealthy until they resemble deflated balloons. A delicate dance, this redistribution of largesse, for what is wealth but a chimera in the hands of the uninitiated?
Some astute traders see not weakness but the calm before the storm, pointing to long-term structures and liquidation patterns that suggest a bullish resurrection may be on the horizon. Or perhaps they just enjoy a good gamble, who’s to say? 🤷♂️
Behold, the charts now weep-a descent beneath critical trendlines, as if the very cosmos conspires. Analysts, those modern-day soothsayers, murmur of weekly closes below the 50-week moving average, a death knell for cycles past. Alas, the 50-week MA at $102,000 looms like a widow’s veil.
Bitcoin’s MVRV ratio, like a weary traveler reaching the end of a dusty road, has dropped to the 1.8-2.0 range, whispering of a local bottom. 🌾 Historically, this has been the signal for the bulls to start sniffing around, their nostrils twitching with anticipation of a price rally.
So, Ripple-yes, the same Ripple that’s been in the news more times than your ex texting you on your birthday-has teamed up with Mastercard, WebBank, and Gemini. Why? To launch $RLUSD, the stablecoin backed by good ol’ USD, for smooth, instant fiat credit card payments. Isn’t crypto just getting fancier by the second? 🧐
The Bank of England (BOE) is stepping up its game, moving forward with plans to regulate stablecoins – those digital currencies backed by real assets like cash. And no, Britain isn’t falling behind the U.S. in the digital asset race (phew!).
While the rest of the cryptocurrency realm dances to the tune of public markets, this behemoth of a company, with its $40 billion valuation, chooses to remain cloaked in secrecy, much like a Russian nobleman in a snowstorm.
The experts, those soothsayers of spreadsheets, remain cautiously optimistic. 🧙♂️✨ Could this be the prelude to a grand recovery? Or merely the intermission in a tragedy of losses? The market, ever the dramatist, keeps us guessing.
During a November 5 interview that surely shook crypto Twitter to its very core, Terrett asked Garlinghouse to weigh in on the social media chatter about RLUSD and whether Ripple’s shift away from cross-border payments might somehow render XRP obsolete. Garlinghouse, ever the calm amidst the storm, was crystal clear: “XRP sits at the center of everything Ripple does.” He went on to explain that the recent online drama was the product of “misinformation and sometimes outright disinformation” circulating on crypto Twitter. After all, the narrative that Ripple had “given up on XRP” simply didn’t make sense, did it? Of course not.
