USDTHB

The price of Bitcoin has declined by a modest 0.19 percent since yesterday.

The daily chart for Bitcoin is about as cheerful as a dwarf with a hangover. After being rejected at $97,939 (ouch), it plummeted to $86,000 faster than a wizard falling off a broomstick. Volume surged like a dragon’s sneeze, suggesting panic selling or, as we charitably call it, “automated stop-loss cascades.” Around $757 million in liquidations occurred, leaving 189,853 derivatives traders weeping into their mead.

The deal, in its essence, is with Jeel, a subsidiary of Riyad Bank, a creature born of the same financial soil but now tasked with carrying the burden of innovation. Together, they shall traverse the dunes of blockchain, seeking to fortify the financial services of a nation that once relied on oil but now gazes upon the digital horizon. The goal, lofty and perhaps quixotic, is to erect a digital infrastructure so secure and transparent that it might shame the very sands for their shifting nature. Merrick, ever the visionary, aligns this endeavor with the nation’s grand vision, though one wonders if the vision includes the occasional sandstorm of regulatory uncertainty.

In a move that would make even the most hardened speculator blush, Strategy has doubled down on its obsession with Bitcoin. “Accumulate, accumulate, accumulate!” seems to be the battle cry of this corporate leviathan, undeterred by the tempestuous whims of the market. The firm, once known as MicroStrategy (a name now as quaint as a horse-drawn carriage), has thrown another $264 million into the fiery pit of cryptocurrency, proving that its appetite for risk is as boundless as its treasury.

Just moments ago (or perhaps eons ago in the realm of cryptocurrency time), the corporate titan of digital currency announced he had added 2,932 new shiny coins to his collection, all for the princely sum of $264.1 million. That’s right, folks! Each bitcoin cost more than a small yacht, trading at an average price just over the mythical $90,000 mark. His grand total now stands at a staggering 712,647 BTC, acquired for the GDP of a small nation-$54.19 billion, to be exact. And with the current price hovering below $88,000, that little treasure chest is worth around $62.3 billion. Pocket change, really!

Meanwhile, despite the moaning chorus, investors swear Bitcoin (BTC) is undervalued. The insights read like a psychology textbook written by a stand-up comic: mixed macro signals, volatility, and a hair-trigger market that can’t decide whether to boo or buy.

So, this Ethereum whale, who’s been napping harder than I do during a Seinfeld rerun, finally decides to wake up after nine years. What’s the first thing this genius does? Moves 50,000 ETH-yeah, that’s $145 million in human money-to Gemini. Why? Who knows? Maybe the guy just realized he’s been sitting on a digital goldmine … Read more

That rejection was not merely a bump in the road but a grand announcement that the short-term sentiment had turned sour – a clear shift, like a bad joke that no one laughs at anymore. Buyers suddenly lost their nerve, and SOL found itself revisiting support levels it had previously jeered at.

Key takeaways:

The market, naturally, is about as stable as a house of cards in a hurricane, with ETH slumping over 10% in just a week, making investors wish they’d gone into something safer-like underwater basket weaving or interpretive dance.