According to him, Bitcoin’s climb to new highs is the result of a “supply shock” triggered by growing demand from large-scale investors. The launch of spot ETFs and the increasing number of companies holding BTC in their treasuries have opened the floodgates for mainstream capital, Reeves explained. As new financial vehicles bring trillions of dollars closer to Bitcoin, he said, it’s only natural for the price to move upward. 💸📈
The Chaikin Money Flow (CMF) for Pi Coin has taken a nosedive, with the indicator currently below the zero line, indicating that outflows are dominating inflows. This decline signals that Pi Coin holders are actively withdrawing their holdings to prevent further losses. The CMF has hit a monthly low, showing that the sentiment towards Pi Coin is turning bearish.
As chronicled by the astute ShayanMarkets, let us delve into the chronicles of our daily chart. Recently, the valiant Ethereum has witnessed an influx of buying zeal, daringly leaping over the once-daunting fortress that was the $2.8K resistance— a towering obstacle holding steady for many moons. This triumphant breach has resulted in the crafting of a higher high, indicating a delightful shift toward the bullish landscape of our times.
Meanwhile, across the pond, the UK is like, “You know what? Let’s throw some digital assets in the mix with traditional finance!” Oh, Europe’s MiCA framework? It’s rolling out too, like a fancy new shoe line that nobody actually knows how to wear properly.
In the world of cryptocurrencies, XRP recently decided to flex its muscles, dancing past everyone else in a stylish rally that put the broader market in a very awkward position—sort of like showing up to a black-tie event in flip-flops. On Friday, XRP was flirting dangerously close to the coveted $3 mark—yes, three whole dollars, people! 🎉 Meanwhile, its market cap ballooned to nearly $170 billion, which really starts to sound like Monopoly money.
According to the wise and insightful Master Ananda, a TradingView analyst of considerable repute, Dogecoin is displaying technical patterns that are as clear as a sunny day after a storm. It has been over 217 days since the last great rally, but now, the meme coin stands on the precipice of another explosive move. The projected Fibonacci extension targets suggest that DOGE could reach as high as $1.168, a 591% increase from its current levels. Imagine that! A doge’s dream come true! 🎉
After six long months of patience (or was it agony?), Onyxcoin finally broke free from the descending wedge that had it locked up tighter than a Russian novel’s plot. The breakout pushed its price to a thrilling $0.01518. Resistance? Pfft, that’s so last season. Now, it might just flip into support. Who knew math could be so dramatic?
The move appears to be retesting its breakout zone, a typical pattern before continuation. However, price action alone isn’t telling the full story.
It all started when the hacker, with a penchant for pilfering, swiped the funds from GMX’s Arbitrum-based liquidity pool. But, in a shocking twist, they’ve decided to return the loot and collect a reward. Talk about a change of heart! ❤️
This heralds a new dawn where Nigerians can whip out AEON Pay on its Telegram miniapp—or is it a magical app that never lets you down? Who knows! With merchants eager to join the party, spenders can now type in their Naira (NGN) and summon their crypto of choice. AEON Pay performs asset conversion faster than you can say “Where’s my wallet?” and sends a domestic bank transfer directly to the merchant. Imagine—crypto payments that feel as routine as swiping your phone to check the latest gossip on social media. 🥳