In the grandiloquent waltz of postmodern finance, Bitcoin has once more ascended its throne—or at least clambered laboriously back onto the footstool—perching itself above $114,000. One suspects the old coin has developed a taste for melodrama.
Meanwhile, a cohort of what the uninitiated still call ‘altcoins’—HASH, ENA, and XLM—have staged performances so gaudy they threaten to eclipse even the most garish debuts of the Bright Young Things. Double-digit gains, darling! Cue the confetti and the top hats.
BTC: Dicing with $115K
Bitcoin, fashionably undulating between $117,000 and $119,000, seemed content to dawdle until the FOMC’s latest pronouncement—a statement as underwhelming as cold kedgeree—sent a mild ripple through the gin and tonics of Wall Street. “Rates unchanged? How daring!”
Naturally, the market responded with the expected mixture of terror and bluster. Trump’s tariffs made a cameo, Russia waved its submarine, and our dear BTC, gripped by existential anxiety, promptly took a nosedive that would have delighted even the most jaded debutante at a Mayfair ball.
As Saturday evening slouched into view—flushed and somewhat dishevelled—Bitcoin capitulated beneath $112,000, only to be rescued by a mysterious cohort of bullish revivalists who, one imagines, arrived in a hastily hired Bentley bearing hope and brandy. As of this writing, Bitcoin has shuffled its way to just under $115,000, hoping no one notices the lipstick on its collar.
Market cap, for those who track such things at dinner parties, now cavorts at $2.280 trillion. Dominance is hanging about at 60%, with the restless sense of someone failing to get served at the bar. More “macro” shenanigans are expected—code for “don’t touch that dial.”
Alts: Gaggle of the Resurrected
As is tradition, the altcoins handled recent corrections with all the composure of a drunken vicar on roller skates. Ethereum collapsed from $3,900 to $3,400 before rediscovering its dignity (such as it was) and mounting a 3% comeback, landing above $3,550. Bravo, if not exactly triumphant.
XRP, always a drama queen, dipped below $3 in an undignified swoon but has since clawed its way back to retest the waters. Meanwhile, the usual suspects—BNB, SOL, TRX, DOGE, ADA, SUI, and LINK—are enjoying a day out in the green, probably last seen rolling down a hill in Hyde Park.
The showstopper, however, is XLM—a 9.5% leap—while ENA and HASH are not far behind. The kind of numbers that make one wonder if someone’s been spiking the punch bowl at Crypto House.
In the final analysis (one must, after all, sum up), the grand crypto bazaar is now $60 billion richer than it was a day ago—presumably down the back of the collective couch—and sits resplendently at $3.8 trillion, if one cares for round numbers.
Read More
- USD IDR PREDICTION
- GBP USD PREDICTION
- USD PEN PREDICTION
- SOL CAD PREDICTION. SOL cryptocurrency
- KCS PREDICTION. KCS cryptocurrency
- Metaplanet Just Gambled $108 Million on Bitcoin—What’s Next, NFTs of Sushi?
- INR RUB PREDICTION
- AVAX PREDICTION. AVAX cryptocurrency
- Brent Oil Forecast
- US Senator Flirts with Tax-Free Crypto: Chaos, Charm, and Cold Hard Digital Cash!
2025-08-04 12:36