The stock briefly flirted with optimism as the markets opened, but by day’s end, it slumped to a meager $2.58, erasing a week’s gains-Google Finance’s ledger bore witness to this melancholy descent. 📉
Let’s put on our detective hats and see what’s fact, what’s fiction, and what’s just a wild guess from someone who probably hasn’t even read the fine print.
Apparently, a distressing 13% of borrowers have been nudged, poked, and ultimately thrown headlong into liquidation, all because the rules are about as clear as a foggy London night. If you already have a loan, you may tiptoe towards an extension or pay it back, but as for new loans-absolutely not, dear reader.
As of the latest tally, ETH is holding on at $4,280, down 5.7% in the last 24 hours. That’s nearly $500 lower than its recent peak, but hey, who’s counting? Traders, apparently. And analysts. And anyone with access to a trading screen, really.
XRP stayed in the bearish zone after a close below $3.20, just like its buddies Bitcoin and Ethereum. It’s like they’re all at a pity party. 🎈😢 The price dove below $3.10 and even took a nosedive below $3.00. Ouch! It tested the $2.950 support zone, hit a low of $2.941, and then tried to recover like a cat falling off a couch. 🐱🛋️
Their weekly report, a document as thick as a farmer’s calloused hand, revealed that digital asset investment products saw net outflows of $223 million last week. This halt in the flow of greenbacks was attributed to a shift in investor sentiment, particularly after some key US macroeconomic events. You know, those things that make Wall Street traders sweat like they’ve just run a marathon in a wool suit.
Ah, Chainlink (LINK), that darling of the blockchain ball, has risen over 18% in a mere week, now waltzing around $25. It broke through a stubborn resistance zone between $20 and $21-a feat as impressive as convincing your neighbor to stop borrowing your ladder without asking. This area had been rejecting prices faster than a snobbish gatekeeper since early 2025.
Now, let’s chew on this for a moment: Bitcoin’s Market Value to Realized Value (MVRV) ratio is strutting around at a sprightly +21%. This means that the average Joe who bought himself a slice of Bitcoin pie over the past year is sittin’ pretty in the green, as Santiment so kindly pointed out in their latest report. Ain’t that a sight for sore eyes? 🍰
Currently, Dogecoin [DOGE] is riding a suspiciously bullish wave on the 1-week chart. In mid-July, it heroically attempted to break free past $0.25-a multi-month high. Did it succeed? Alas, no. The bulls retreated, like actors bowing out after a botched first act.
Bitcoin [BTC], company of major altcoins, and the total market cap – oh, they all joined the red carpet event of the century, turning red as if a can of expired Martian paint was spilled on them over the last 24 hours.
