“Personal revelatory news: after four wonderful years as President & COO of @Uniswap, I’m embarking on a new venture. This is but a new chapter for crypto—what joy! We’ve traversed much since I dipped my toes into digital assets at BlackRock in 2015, and collaborating with @haydenzadams has been quite the odyssey. 😏 I’m…”
According to our charming analyst, Rekt Capital, this PI Cycle Top employs a couple of moving averages that seem to have a psychic connection to Bitcoin’s whims, helping to foretell when our digital darling might hit its peak. Historically, these moving averages—especially the 111-day average—have been as reliable as a British gentleman at a tea party, signaling the end of past bull markets with impeccable timing. Recently, this cheeky little moving average has been climbing faster than a cat up a tree! Just a few months ago, on June 1, it was frolicking around $92,000; now it’s grazing near $98,000, just shy of the coveted $100K. Isn’t that just deliciously thrilling for our wallets? 💃
The city council had a little chat about this after hearing about a local resident getting scammed at a crypto ATM in the neighboring town of St. Clair Shores. Like, if you can’t trust a crypto ATM, who can you trust? 🤔
Marion Laboure, the bank’s analyst and self-proclaimed Bitcoin whisperer, highlighted this shift in a note to clients on Tuesday. She pointed to a rare combination of surging prices and historically low volatility levels, suggesting a potential decoupling between Bitcoin’s spot price and its usual turbulence. “This could be the start of a more sustainable trajectory,” Laboure noted, with a hint of optimism that would make even the most cynical of dwarfs raise an eyebrow. 🧐
It’s like the cool kids are ditching the mainstream party for the underground rave. 🕺
According to a recent post by the ever-optimistic crypto entrepreneur Kyle Reidhead, the current demand for ETH has reached “insane” levels. Ten Ethereum treasury firms have collectively amassed more than 550,000 ETH – a staggering $1.65 billion worth – over the past 30 days. 🤑
Le président Donald Trump a annoncé sur la plateforme de médias sociaux Truth Social le 15 juillet qu’après un vote procédural échoué sur le projet de loi GENIUS plus tôt dans la journée, il avait obtenu des engagements renouvelés de 11 des 12 républicains du Congrès nécessaires pour faire adopter la règle du projet de loi. Il a partagé :
So, pour yourself a steaming cup of green tea, sit back, and prepare for some jaw-dropping tales. Institutional folk are jumping into the crypto fray faster than a cat on a hot tin roof! Fidelity’s throwin’ its hat in the ring for MetaPlanet’s Bitcoin adventure, our friend Henry Chang is waltzing out of court scot-free, and SharpLink? They’ve hoarded more Ethereum than a squirrel during winter! 🐿️
The GENIUS Act, that proverbial phoenix, sets the stage for the very first federal framework pertaining to dollar-pegged stablecoins, bestowing sweeping authority upon the Department of Treasury like a benevolent monarch and crafting paths more regulated than a military parade for private companies eager to mint their very own digital dollars. A glorious Senate scoffed at concerns back in June, as they passed the legislation with a heroic 68-30 vote, bipartisan support notwithstanding those ever-so-cautious Democratic souls fretting over Trump’s trysts with cryptocurrency. 🎇
A total of 16,843 Bitcoin, or about $2 billion, is currently being prepared for sale. Even before the majority of this liquidity reached the market, the mere act of moving coins caused a dramatic reaction: spot exchanges saw a rush of defensive selling, and Bitcoin’s price instantly fell by more than $6,000 per coin. This, dear reader, is the issue with the low-float rally dynamics of Bitcoin: volatility increases and liquidity quickly evaporates when big holders choose to cash out. Panic-driven exits in anticipation of this whale distribution contributed to a 300% increase in daily trading volume, a spectacle that would have been comical if it weren’t so costly. Technically speaking, Bitcoin is still above short-term support at about $111,000 per day. However, buyers are stepping away in real time, as indicated by the reversal near $122,000. Should Galaxy Digital begin to execute the entire sales tranche, the subsequent leg down could potentially test the $107,000-$110,000 range. The long-term upward trend of Bitcoin remains intact, but swift reversals are more than possible, and weeks of consistent accumulation can be overtaken by a single large seller. As the market processes this $2 billion in liquidation, traders should keep an eye out for additional whale movements and brace themselves for more explosive swings. 🌊
