On the daily chart, Bitcoin was like a cat trying to regain its dignity after a brutal correction, clawing its way back to a $98,900 support level. A higher low finally broke the streak of lower lows, hinting that the bearish train might be running out of coal. 🚂💨
Inflation is steady but not falling, liquidity appears frozen but only temporarily, and the business cycle’s weakest point may already be behind us. December, as analysts warn, could be “very interesting.”
Ah, privacy. It’s back in the limelight, where it belongs, and Monero ($XMR) is the star of the show this week. The coin has soared to a glorious 20% increase over the last seven days, as traders wisely rotated from Zcash into the far superior $XMR. That and a technical breakout that could make your head spin, plus a network upgrade that practically begs for attention.
Meet James Wynn, a man who could probably teach a course on how not to handle your assets. Over the last 24 hours, Wynn’s main Hyperliquid account was liquidated no less than 12 times. His once grand fortune has now plummeted to a mere $5,422. According to the ever-watchful Hyperdash data, Wynn’s losses are almost legendary at this point. Just imagine the sound of liquidations crashing like waves on a beach. Oh, wait, that’s his portfolio.
Rising inflation, the ever-growing U.S. debt, and the meager tariff revenue could orchestrate a 2022-style pullback into 2026, a financial waltz of despair 🌀.
The crypto market had a lovely weekend, bouncing back after two weeks of doom and gloom. Bitcoin rose 4% in the last 24 hours and even hit a glorious $106,500 before settling at around $106,000. This is all part of Bitcoin’s master plan to avoid falling into the dreaded support level of $100,000. Ether wasn’t about to let Bitcoin steal all the spotlight and added 6.5% to its own tally.
On Monday, the BoE rolled out its proposal to regulate sterling-denominated “systemic stablecoins”-basically, tokens so popular in payments they could crash the financial party. Think of them as that one cousin who shows up uninvited but has to be dealt with because everyone else invited them. 🙃
One ponders, could this rise in cryptocurrency market capitalization to a staggering £3.57 trillion in merely one day be attributed to more than mere financial metrics? Nay, it is the optimistic developments in Washington that have infused this elevation of spirits, as the Senate nods in agreement to cease the oft-taxed patience of more than 1.4 million workers awaiting their overdue remunerations. A veritable cause for celebratory toasts, I declare!
Let’s be honest, the quantum computing community is a dumpster fire of opinions. Half swear it’ll be “the best thing since sliced bread”; the other half thinks even if you could build one (spoiler: you can’t), it’d be less useful than your cousin’s dating app. DARPA, bless their bureaucratic hearts, is here to ask two vital questions: “What could a hyper-powered quantum computer possibly do?” and “Are any of these companies literally lying about having a plan?” College-level drama, really. 😅
