qfx While XRP has managed a modest bounce from the morning’s botched attempt at a rally—clinging to a modest $2.72, down from previous glory—it’s still off more than 10% for the week, making even seasoned traders contemplate career changes. The magic number? $3, that stubborn support level XRP has now abandoned like a bad date.
But wait—there’s a flicker of hope! On-chain data whispers sweet nothings about a possible rebound. A little birdie says sentiment might be shifting faster than a chameleon at a rainbow convention. Could this be the comeback story we didn’t see coming? Stay tuned, folks.
The crypto bazaar has just concluded an impromptu 48-hour liquidation masquerade. Bitcoin [BTC] and Ethereum [ETH] did not slip quietly—they tumbled, taking with them heaps of Open Interest and, presumably, a small nation’s collective composure.
Behold the chart—a canvas of human folly and ambition! Bitcoin soared like Icarus toward $123,000, only to have its wings clipped by gravity and greed. Oh, how quickly euphoria turns to despair when numbers fall!
Bharwani’s grand theory hinges on Bitcoin’s “halving” events—cosmic card games where the prize is scarcity. The next one, he claims, will be in 2028, followed by another in 2032. By then, he predicts, whole Bitcoins will be rarer than a polite politician, and we’ll all be bartering in satoshis, the tiniest crumbs of this digital loaf. “Fractions will be the real currency,” he says, as if the universe owes him a favor. 🚀
In the grand theater of finance, where the players are as varied as the characters in a Turgenev novel, several luminaries of the cryptocurrency world have taken up their quills. The DeFi Education Fund (DEF), alongside such august institutions as Andreessen Horowitz (a16z), the Solana Policy Institute, and Uniswap Labs, have presented their pleas to the Senate Banking Committee. They respond, with a mix of gratitude and trepidation, to the draft of the Responsible Financial Innovation Act of 2025 (RFIA). A noble endeavor, no doubt, but one that threatens to ensnare the very essence of DeFi in a web of regulation.
As per IntoTheBlock data, 91% of assets in profit represents 18.26 million BTC valued at $2.08 trillion. This massive volume of assets reflects holders who are in profit. This indicates that such holders are unlikely to experience any sell pressure despite the current decline in price. (Because nothing says “I’m fine” like a 4% drop. 💻💸)
With waning bullish sentiment across the broader market, these factors suggest a likely deeper price decline for XRP in the coming trading sessions. Because nothing says “optimism” like a 50% chance of doom. 🤷♂️
In what can only be described as a financial exorcism, the market has mercilessly purged over half a billion dollars’ worth of overconfidence. Long positions — those brave souls who thought the moon was just around the corner — bore the brunt of this calamity, hemorrhaging a jaw-dropping $468.75 million, while shorts, those cynical jesters, lost a measly $59 million. According to CoinGlass, whose data we now clutch to our chests like sacred scrolls, it has been a massacre of misplaced optimism. 📉💔
In a shocking twist of fate, the rate of SHIB has taken a nosedive of 1.3% over the last 24 hours. It’s almost as if the coin decided to take a leisurely stroll off a cliff. 🐻💸