While others fret about oil spills and missile parades, Hayes waltzes into the room humming a different tune: “What if the dollar’s not the belle of the ball anymore?” Countries hoard greenbacks not out of love, but because the world’s bill is always in USD. Until it isn’t. Then what? Gold? Yuan? A pirate’s chest? The suspense is killing us!
Enter our intrepid crypto analyst, known only by the cryptic pseudonym @0xbeehive, who has taken it upon themselves to unravel the tangled web of Bitcoin’s past cycles like a modern-day Pythia, albeit without the oracular vapors. This sage has ventured back into the shadowy corridors of the 2018-2021 cycle, a period heralded as one of Bitcoin’s most gloriously chaotic bull runs. Imagine, if you will, a bear market lasting precisely 365 days-a veritable year in the wilderness-before the phoenix of bull market glory rises from the ashes, soaring for 1,066 days like a drunken kite in a storm.
TRX has attempted to break through a certain price level twice in the last five days, but failed both times. While the price initially showed promising signs of a rebound with strong trading volume and momentum, buyers weren’t able to sustain the increase and reach a new high. Data from the TRX blockchain has been indicating the reason for these failures for the past 74 days.
Echoing through the corridors of crypto.news, it was reported that Bitcoin (BTC) pirouetted nearly 6% to a dazzling 12-week high of $79,388 on Wednesday, before succumbing to a sharp reversal that saw it tumble to $77,593 by Thursday morning-a classic case of “what goes up must come down.” Presently, it has crawled back to $78,227, a stubborn reminder that net gains over the last 24 hours remain as elusive as a cat in a rainstorm.
According to a press release-the kind of corporate flutter that counts as news in a blazer-Core Scientific’s finance arm plans to offer $3.3 billion in senior secured notes in a private offering to institutional investors. Once a Bitcoin miner, the company has been flirting with high-density colocation, offering shiny data centers to AI outfits.
The saga of FTX continues to serve up headlines more dramatic than a Coward cocktail party. A recent tidbit, linked to the ever-charming Sam Bankman-Fried, reveals that the crème de la crème of FTX’s assets could now be worth a staggering $114 billion. But, my dear, these jewels were flung into the bankruptcy bargain bin ages ago.
Like a scene from a theatrical production where both parties passionately argue while the audience munches on popcorn, this legal fracas has captured global attention. Each side is hurling accusations like they’re tomatoes at a carnival, with billions of digital assets hanging in the balance-a veritable smorgasbord of allegations.
Starting around April 21st, the hacker responsible for the KelpDAO breach transferred about $175 million worth of Ethereum (75,700 ETH) to new digital wallets within a 36-hour period.
But no, on a particularly sunny Wednesday in California, Sun, who seems to have made a career out of being the largest individual investor in World Liberty Financial (because who doesn’t want to be known for that?), decided it was time to unleash his legal fury.
Market analysts, those soothsayers of spreadsheets, are now peering into their crystal balls (or perhaps just their teacups) and declaring that the real challenge isn’t the climb itself, but the next set of hurdles. Alex Kuptsikevich, chief market analyst at FxPro (a name that sounds like it was invented by a wizard with a hangover), reckons the $75,000 to $86,000 zone is as empty as a troll’s promise. “Not saturated,” he says, with all the confidence of a man who’s never tried to herd cats.