Ah, Chainlink’s LINK, the token that dances on the edge of hope and despair, rebounded on Monday with a 5.2% flourish, reaching a high of $16.66 before the profit-takers swooped in like crows to a feast. 🦅✨ The upward trend, steady as a poet’s muse, was fueled by traders’ fervor, but $16.50 proved a stubborn gatekeeper, whispering of exhaustion in its cold, digital breath. 🌪️
The price recovery in ETH, while ostensibly bullish, is accompanied by the usual mix of on-chain bravado and derivatives market anxiety. Farside data reveals ETF outflows of $507 million in early November-proof that even the most sophisticated investors can’t resist a good panic. Meanwhile, whales accumulate like Victorian-era hoarders, and network upgrades promise salvation. How thrilling.
BeInCrypto has analysed three such altcoins that the investors should watch amid a week full of volatility, where fortunes are made and lost with the speed of a hummingbird’s wings. 🦋💸
Ethereum (ETH) has pulled a Houdini, escaping the $3,425 correction trap like a crypto magician with a penchant for theatrics. Buyers, apparently bored of sobriety, have returned to defend the market from “deeper downside continuation”-a phrase that sounds like a rejected Bond villain monologue. 🎬
BitMine Immersion Technologies (BMNR), the Ethereum-focused digital asset treasury (DAT) firm led by Wall Street strategist Thomas Lee, kept buying ether through last week, adding 110,288 tokens worth nearly $400 million at current prices to its treasury, the company said Monday. Because nothing says “I’m a visionary” like buying more when the market’s a tornado. 🌀
Bitcoin, that stubborn mule of the digital frontier, has kicked up its heels by 3.7% in the past day. 🐎 But hold your horses-this ain’t no gold rush just yet.
But hey, don’t worry, other regions tried to pick up the slack with some mild inflows. It’s like watching a comedy show where the punchline is “financial ruin.” 🤡💸
Bitcoin made a cheeky jump past $106K, coinciding with the Senate’s heroic attempt to finally put an end to the epic US shutdown saga, easing macro storms like a seasoned sailor. 🛳️🌧️
On the daily chart, Bitcoin was like a cat trying to regain its dignity after a brutal correction, clawing its way back to a $98,900 support level. A higher low finally broke the streak of lower lows, hinting that the bearish train might be running out of coal. 🚂💨
Inflation is steady but not falling, liquidity appears frozen but only temporarily, and the business cycle’s weakest point may already be behind us. December, as analysts warn, could be “very interesting.”
