According to Bloomberg, which seems to have a penchant for gossip, Andreessen Horowitz’s crypto division will spearhead this round, aiming for $300 million-though the figures may yet shift like sand in a desert. The deal, if sealed, would be a testament to the enduring allure of blockchain, even as the broader crypto market slumbers in a state of semi-consciousness.
Foundry, AntPool, F2Pool, SpiderPool, MARA Pool, Block Inc, and DMND-names that strike fear into the hearts of the uninitiated-have joined the Stratum V2 working group. A truly historic moment, announced with great fanfare last week.
After finding “support” near $79,200-a term that here means “nobody blinked first”-Bitcoin surged, as if propelled by the sheer will of bovine enthusiasts chanting “moar, moar, moar.” Resistance levels at $79,750 and $80,200 crumbled like a poorly timed soufflé.
Key Takeaways:
Digital asset familiarity is about as even as a three-legged race, with 39% of voters claiming to know their blockchains from their bitcoins. Still, two in five have dabbled in crypto, and 30% bought some in the past year-probably during that one wild weekend when Bitcoin hit the moon. Men and under-35s are the crypto kings, while 70% of voters think the U.S. should’ve passed clear cryptocurrency legislation yesterday. Federal rules over case-by-case enforcement? 60% say aye.
The stock market has somehow conjured up $10 trillion in market cap in 39 days. The NASDAQ flirted with 29,000 for the first time in history. The S&P 500 rattled off a record 7,400. According to Rector, this kind of liquidity makes a tasteful exit from the traditional market and a dazzling entrance into crypto next, and that rotation has already begun.
It’s better than last time, probably.
With the zeal of a man who’s just discovered the secret to eternal youth, van de Poppe unveils two celestial barriers Bitcoin must hurdle. These are not mere numbers, but ancient relics of market cycles, etched in the annals of 2017, 2021, and 2024. The first, a nebulous zone between $86,000 and $88,000, once a sanctuary of support, now looms as a gauntlet of resistance. The second, a more daunting specter at $93,000, where the 50-Week MA lurks like a siren tempting sailors to their doom.
From May 4, Cardano began its “climb” – a term used loosely, as one might describe a snail scaling a greased wall – from $0.248. The MA 100 at $0.2652 became the market’s favorite teddy bear, hugged during every panic. Price dipped, buyers arrived (or so we’re told), and the circus reversed. Higher lows? More like higher hopes. Now, price teeters above the MA 100 like a drunk on a tightrope. Will it hold, or will gravity reclaim its due?