Apparently, XRP had a “cool-off period” in 2017 (read: everyone forgot it existed) before skyrocketing like a caffeinated squirrel. Now, ChartNerd insists the same snooze-fest is happening again, because nothing says “bullish” like three months of crickets. 🦗
This here volatility, it’s enough to make a man’s wallet wobble. Folks are sayin’ it’s a sign of weakness, like a mule stubbornly refusin’ to budge. But hold onto your hats, ’cause Wall Street’s bigwigs are dancin’ to a different fiddle.
Then came the edict, the pronouncement from on high in 2021. The Chinese government, in its infinite wisdom (or perhaps a fit of pique), decided to…discourage, shall we say, this activity. Concerns regarding financial imbroglios, the troublesome outflow of capital, and the sheer gluttony for electrical current were cited. By September of that year, all cryptocurrency transactions-an umbrella term for such frivolous pursuits-were declared illegal, and the mining ban was official. A rather dramatic curtailment, wouldn’t you say?
The Facts (Also Known As: “The Inevitable Triumph of American Cultural Imperialism, Now With Blockchain!”)
The Crypto Fear & Greed Index, that trusty barometer of our collective anxiety, posted a “Fear” score of 28 on Saturday. The first time since Nov. 10 that it hasn’t screamed “EXTREME FEAR” like a banshee with a PhD. 🐺
Like a shadowy omniscient breeze sweeping through the foggy lanes of Moscow and St. Petersburg, the HMRC commands these cryptic knights-er, venues-to gather every fact, figure, and trifle concerning their noble user knights. From January 1, 2026, these exchanges shall gather armadas of data about the value, type, and units of mythical cryptoassets, chaotically gathered in a mighty stew pot ready for HMRC’s scrutiny come the next year. It’s a spectacle worthy of an opera, and aligns splendidly with the illustrious World Stage’s Crypto-Asset Reporting Framework, a construct embraced by Europe, Canada, all lands of the Maple, the archipelagos of the Rising Sun, and even Korea, where mysteriously everything but the weather is tidy.
Meanwhile, the market is playing a game of “Will it or won’t it?” as HYPE tests the $36 level. Because nothing says “excitement” like a head-and-shoulders pattern that’s more dramatic than your ex’s Instagram captions. 🤯
What does this mean for you? Well, HMRC (Her Majesty’s Revenue and Customs, aka the tax authority) is about to get their hands on both your domestic and international crypto data. Get ready for the first-ever global crypto data exchange in 2027, because if you thought you could outsmart taxes with your coins, think again!
Lo, the institutions, those wise (or foolish?) guardians of wealth, hath poured $291 million into US Ethereum ETFs since November 21, as FardiseInvestors doth proclaim. ‘Tis a veritable feast of discretionary buying, with derivatives and spot markets rejoicing in this bounty! 🎉
