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Behold, a recent tome-er, report-proclaims that over 50% of Bitcoin’s power now flows from the very bosom of Mother Earth herself: solar, wind, and hydroelectric. 🌞💨💧 Who would have thought the same beast accused of despoiling the land now sips its energy from the purest of sources? What a twist, worthy of a Bulgakov novel!
Top analyst Darkfost explains that mining activity comes with variable and rising costs, including energy, hardware, and operational expenses. When miners begin operating at a loss, they are typically left with two main options, which are often used in combination. The first is to sell BTC to cover expenses and remain operational. The second is to reduce or shut down activity by turning off machines, effectively lowering their exposure to unprofitable conditions. 🧠🧠
Colombia, that land of eternal coffee and eternal paperwork, has declared war on crypto tax evasion with a new rulebook so thick, it could double as a doorstop. The government, ever the enthusiastic schoolmaster, now demands crypto exchanges spill every last drop of user data, from wallet addresses to transaction volumes. One might think they’re preparing for a digital asset audit, not a coffee harvest.
As of Jan. 9, when the clock struck publication, POL traded at $0.1558, a 16.59% leap in 24 hours. A mere trifle? Nay! For it reached an intraday high of $0.1584, while trading volume swelled to $312 million-167% higher than the previous night. A spectacle, truly, and one that would make the most stoic of investors weep… with either joy or despair. 🤡
A two-week ETH/USDT chart, courtesy of CryptoBoss, a man who delights in pattern-spotting on the higher echelons of timeframes, reveals a completed inverse head-and-shoulders. Ethereum’s ascent above the $3,100 neckline places the measured target near $3,800, as one calculates by adding the pattern’s depth to the breakout point. 📈
Sentora reports that Ethereum saw a staggering -$1.06 billion in net outflows this week. This, dear reader, is one of the most dramatic accumulation signals in recent months, as if the market is sending a postcard from the dressing room to its own future-no spoilers, darling, just suspense. 💃✨
Chainlink (LINK), that noble token, now clings to $13, a shadow of its August self (which peaked at a comical $27.88). Its market cap? A paltry $9.3 billion-enough to buy a modest castle, perhaps? 🏰
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This gaming crypto has surprised everyone with a spike of 20% in 24 hours and a volume surge of 58.48%. Volume? Oh, that’s just the crypto world’s version of “I’m fine, really!” 😂
Oh, Pi Network, the crypto project that’s been around longer than my last relationship. Seven years, folks! And guess what? Most of their X accounts are faker than a $3 bill. 🥴 The team finally said, “Hey, only follow PiCoreTeam, okay?” because apparently, 4.2 million Pioneers can’t tell the difference between real and fake. 🤦♂️
