Bitcoin’s underperformance relative to gold, to which it is often compared, continues as its price in dollars lacks clear directional bias, trading back and forth between $86,000 and $90,000. It’s currently up 1.2% since midnight UTC against the greenback. 🚀
Imagine, if you will, a modern-day Icarus armed with a crypto wallet. This particular investor, once bullish enough to acquire 68.25 million ASTER tokens at $1.66 apiece, recently offloaded 4.68 million of them at $0.71. A move so poetic, even Chekhov might sigh and mutter, “Nyet, this is too absurd.”
According to RippleX developer Vito Tumas, Ripple has partnered with Common Prefix, a blockchain research and development company, to specify and formally verify key components of the XRP Ledger: the Payment Engine and the Consensus Protocol. A union as harmonious as Mr. Darcy and Miss Elizabeth, one might say. 💍
And NO, this isn’t some weird dead-cat bounce or whatever fancy term they use. Over $120 million in volume traded during the carnage. Sellers? They had no problem. Buyers? Well, apparently, they all decided to go on vacation. Nobody’s bringing enough bulk to hold that line. The market cap? Dropping off more than my motivation after a weekend binge. Coins were swapping hands like hotcakes while the value just-vanished. Abracadabra – or more like, “Oops, not my problem anymore.”
Behold, SHIB now slinks through the markets as if it has forgotten its own purpose. Speculative interest? Gone, vanished, like a mirage in a crypto desert. Volume? A whisper compared to its former cacophony. Sellers? Absent, not even bothering to panic. Buyers? They might as well be ghosts. Apathy reigns supreme, a late-stage downtrend dressed in the robes of existential dread. One can almost hear the sound of empty wallets clinking. 💸
Key Takeaways (for those who haven’t yet abandoned ship):
Bitcoin, our favorite digital gold, hasn’t exactly been setting the world on fire since October’s little tantrum. The percentage of coins in profit has plummeted from 98% to 63%-which sounds less like a market and more like a garage sale. 🧹💸
India’s competition regulator has approved Coinbase’s plan to acquire a minority stake in CoinDCX, allowing the U.S.-based exchange to deepen its exposure to one of the world’s fastest-growing crypto markets. A match made in heaven-or at least in a spreadsheet. 📊💫
The Fed has proclaimed that this splendid decision was based on the notion that the old policy had become as relevant as a floppy disk in a cloud computing world. Apparently, both the financial system and the Board have had a delightful evolution over the years-who’d have thought? 🤔
