Crypto Crash: Fed Rate Cut Hopes Dashed, Inflation Bites Hard!
According to CoinGecko, the total crypto market cap fell to a measly $3.78 trillion, down from a robust $3.91 trillion over the past 24 hours. Ouch!
According to CoinGecko, the total crypto market cap fell to a measly $3.78 trillion, down from a robust $3.91 trillion over the past 24 hours. Ouch!
Analysts are saying it might be the perfect time to pivot to Ethereum, especially with the ETH treasury frenzy. It’s like everyone’s trying to get a piece of the pie before it runs out of crust. 🥧
Worry not, for in just 24 hours, this memecoin has plummeted by 27% (yes, you read that correctly!), landing us at a rather critical juncture—like the protagonist at the climax of a thrilling play! 🎭 Is a grand rebound in the cards or are we on the verge of wiping those recent triumphs off the stage?
May, a month of many marvels, saw Dubai unveil its pioneering tokenized real estate initiative, a bold step that allows investors to purchase tokenized shares of properties, thus democratizing the ownership of Dubai’s gleaming towers and sprawling villas. 🏢🏡
Still, this little mishap adds to the ever-growing list of crypto heists, reminding us all to keep our digital wallets as secure as Fort Knox. Or, you know, at least as secure as your grandma’s cookie jar. 🏺🍪
“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. 🕺