Bitcoin remains the darling of long-term holders, yet its base layer, like an old steam engine, wheezes through transactions at 7 TPS. Meanwhile, Ethereum and Solana sprint ahead, leaving $BTC to sip tea and ponder why it’s still stuck in the 19th century. 🚂
Lee’s crystal ball-likely purchased from the same shop that sells “I told you so” mugs-points to U.S. monetary policy as the savior. After three years of tighter conditions than my jeans after Thanksgiving, he thinks liquidity will finally improve. Because nothing says “bull market” like a new Fed chair and the collective sigh of traders who’ve been holding their breath since 2023.
If the market decides to behave itself, HBAR might just be the first to perk up, ‘specially if it can defend a certain price support – we’ll get to that presently. It’s like a gambler’s last, faint hope, see? 🧐
Bitcoin, in its infinite wisdom, decided December 1st was the perfect day to remind everyone that gravity exists-especially in financial markets. The cryptocurrency market collectively gasped as Bitcoin shed value faster than a politician sheds promises, while altcoins followed suit because misery loves company.
This wasn’t some gentle, polite correction like “Oh, excuse me, I think I’ve slightly overvalued myself.” No, this was a full-scale digital stampede-$527 million in liquidations! 177,000 traders suddenly discovering that “HODL” sounds a lot less fun when your portfolio is screaming. 😱
HashKey, the self-proclaimed titan of Hong Kong’s digital asset trading, announced in a December disclosure that it has passed the listing hearing, according to local scribes. 📰📢 While the exact timing and size of the offering remain shrouded in mystery, whispers in October suggested a $500 million target. JPMorgan Chase, Guotai Haitong Securities, and Guotai Junan International are the maestros conducting this financial symphony. 🎻💼
And it seems this little jump might be connected to that recent wobble in the cryptocurrency markets on Sunday. Now, I’m no financial expert (mostly because I struggle to balance my own chequebook), but apparently, a lot of clever people were borrowing Japanese Yen at ridiculously low rates and then using that money to buy, well, everything else. Higher-yielding bonds, emerging market debt, even just generally flinging it at things that might go up in value. It’s called the “Yen Carry Trade” and it’s been going on for ages.
Apparently, whispering sweet nothings about blockchain and wallets will magically unlock a fortune by 2030. They say “rapid retail adoption” – as if our people are just waiting to trade their hard-earned pesos for these… ethereal promises. Paper promises have always been plentiful, haven’t they? And these aren’t even on paper! 💸
So, CEO Phong Le sat down for a chat (probably over a kale smoothie) and dropped some truth bombs. Strategy isn’t dumping Bitcoin just because the market’s moodier than a teenager. The only way they’re selling is if their stock tanks AND they can’t raise cash without turning shareholders into confetti. 🌪️🎉
Economist and professional gold cheerleader Peter Schiff believes bitcoin’s weakness shows a grand plot twist diverging from equities, which are chilling near their highs like they just finished a spa day. Schiff says investors are sliding back toward precious metals like gold and silver – which is basically the financial version of going back to your high-school sweetheart. 💍✨
