GBPJPY

It’s expected to accelerate growth, reduce friction for institutions, and open the door for new entrants in a $7.7 billion market. A veritable gold rush, if you will. 🏴‍☠️📈

Farside data reveals that Bitcoin ETFs recently enjoyed their largest inflow since Sept. 10, a tidy $675.8 million. BlackRock’s iShares Bitcoin Trust (IBIT), ever the social butterfly, scooped up $405.5M-its largest inflow since Aug. 14-and now boasts total net inflows of $61.376 billion. This surge coincided with Bitcoin breaching $119,000, a 4% gain that would make a penguin blush. 🐧

The $XRP price, a melancholic wanderer, inches back toward a descending trendline etched since July’s zenith. Three failed flirtations with this line now set the stage for a fourth-a rendezvous fraught with tension. As the 4-hour chart reveals, the price must pierce not just the trendline but also the ironclad wall of $3. Should Bitcoin, its capricious lover, waver, $XRP may follow suit, its momentum indicators having already peaked like overzealous admirers at a gala.

In a chat with CryptoMoon at the Token2049 shindig in Singapore, Edwards declared that Bitcoin’s leap over the $120,000 mark could lead to a “very quick” breakout to $150,000. “Wouldn’t surprise me one bit if we hit $150,000 faster than a wizard saying ‘Abracadabra’,” he quipped. “We just need to break out of this $120,000 range, and Bob’s your uncle. Could happen in days!” 🧙♂️⏳

According to a Mr. Simon Gerovich, a President, naturally, of this Metaplanet enterprise, they’ve added 5,268 Bitcoins to their already overflowing digital coffers. They paid a rather *staggering* $615.67 million for the privilege. One wonders if they checked the price of a decent dacha first. At $116,870 a pop, one could almost buy a small Balkan nation. Almost.

And yet, they whisper…there is *still* room for it to rise. Room! As if the thing isn’t hopelessly inflated already! The audacity of hope…or perhaps, the desperation of the gambler. 🤔

The ephemeral XRP, in its latest pas de deux with the $2.80 support, now pirouettes toward a potential 23% crescendo at $3.66, ensnared in the sly geometry of a descending triangle.

Mr. Faecks, in a display of admirable indignation, assures us the team hasn’t touched a single XPL. Locked away, apparently, for three years with a year-long holding period. How very… restrained. One wonders if they’re all terribly bored. “No team members have sold any XPL,” he declared. As if that’s what anyone was *actually* worried about. 🙄

The learned men of the Kobeissi Letter, those astute observers of the human propensity for risk, pronounce the ‘risk appetite’ to be ‘incredibly strong,’ a phrase one suspects is often uttered just before fortunes are lost and lamentations begin. They speak of leverage and exchange-traded funds with a seriousness that suggests they believe they can truly *control* such forces-a delusion as old as time itself.