Today’s daily chart offers a rather dramatic backdrop: bitcoin has tumbled from a high of $126,272 to lows scraping the psychological $80,537 support. That’s a 36% drawdown-enough to make even the most diamond-handed holders reach for chamomile tea. A series of lower highs and lows, combined with heavy red candle action, confirm the bearish macro sentiment. 🧯📉
Bitcoin has taken a nosedive, plummeting over 25% to $83,700 this month. It’s like the cryptocurrency decided to audition for a role in Free Solo, but without the safety net. 🧗♂️💥
Scaling blockchain in India? More like walking a tightrope while juggling flaming torches! 🔥 The more users you get, the more your costs soar, faster than a Bollywood dance number! 💃 CTOs, you’re facing:
Meanwhile, the global crypto circus continues its grand descent-think of Bitcoin (BTC) and Ethereum (ETH) as two elephants in a tightrope walk slipping on banana peels. Billions have vanished into the ether, leaving investors scratching their heads and wondering if digital assets are just a fancy warning sign or a comedy of errors. 🎭
But wait! The recovery? Still stuck in “Soon™” mode. This piece explains why XRP’s bounce is taking a coffee break. ☕
This week, XRP is trading around $2.11, down 15% like it’s been hit by a “buyer’s remorse” asteroid. It’s clinging to a critical support level like I cling to my morning coffee. Below, we’ll dissect the chaos, chart levels that make my ex’s text messages look simple, and predict whether XRP will finally stop being a crypto wallflower.
The crypto market plunged towards April’s lows on Friday, which is like a man falling off a cliff and landing on a soft bed of disappointment. Bitcoin and ether both dropped about 10% in 24 hours, as if they’d finally realized they’re not the main event. 🐶
According to the sacred scrolls of Reuters, Teng, during a media roundtable in Sydney (a land where kangaroos roam free and investors roam broke), declared that all asset classes-be they stocks, bonds, or the occasional banana-are subject to cycles of chaos. “What you see is not crypto’s sin alone,” he intoned, as if channeling the spirit of Warren Buffett over a cup of matcha. 🫖
