“We remain constructive, especially as many traders appear underpositioned following last month’s option expiry, which led to significant exposure roll-off,” Thielen told CryptoMoon on Wednesday, with a hint of a smile, suggesting that Bitcoin (BTC) could hit a staggering $133,000 by September. 🚀
As the American crypto bazaar known as Coinbase coughed and spluttered into temporary darkness, the streets (or rather, the alleys of Twitter) brimmed with prophetic utterances and caffeinated gifs. Foresight or mass delusion? The debate raged on while Bitcoin gleefully pirouetted upwards, dragging wallets in its wake.
A recent survey of 1,500 qualified investors – folks with at least ₽50,000 (about $600) in financial assets – revealed that 52% have bought digital coins, while another 38% plan to join the party soon. That’s a whopping 90% of the surveyed group, if you’re keeping score 📊.
The analysis focuses on the rising trend of Bitcoin’s price, which reached the $110,000 mark. However, Xanrox notes that instead of a full breakthrough, the digital asset failed to continue its upward trend even after exiting the downward channel. Considering this, Xanrox explains that this is a false breakout pattern, or what is commonly known in the crypto community as a “bull trap.”
Through whispered pacts and the dry signatures of legalese, these men—yes, mostly men in expensive jackets—cook up a plan to corral BNB for the altogether worthy aim of dancing with Wall Street (lest the U.S. regulators grow bored and lonely). The company will hoard BNB with a possessiveness matched perhaps only by a cat claiming a warm windowsill. At last: a plan for the wrinkled old hands of traditional investors, who until now have recoiled from crypto exchanges as if from a goose feather mattress filled with actual geese.
Akave, the decentralized storage network, has apparently deployed its decentralized data layer on a dedicated Avalanche Layer 1 (L1) blockchain. This platform, known as Akave Cloud, is supposedly designed to meet the “demanding requirements” of decentralized AI, Decentralized Physical Infrastructure Networks (DePIN), and compliance-focused SaaS. 🤔
Solana price, much like a spirited filly, has started a decent increase after clearing the $152 resistance, following in the footsteps of those cryptocurrency thoroughbreds, Bitcoin and Ethereum. SOL climbed above the $155 level, and the party is in full swing, old bean! 🎉
Now, you might be wondering, “Why on earth would someone do that?” Well, my friends, this whale has been steadily building its position despite drawdowns, and its latest withdrawal of 200,000 TRUMP tokens suggests strategic offloading or long-term confidence. 🤔
According to the updated Grayscale GSC fund allocation, HBAR now represents approximately 5.8% weight in the fund, trailing Cardano’s 18.57% and ahead of Avalanche’s 6.76%. Ethereum and Solana dominate with over 30% each, establishing HBAR’s position in the institutional conversation.
As the sentiment of fervent optimism hovers like a delightful cloud over our heads, Dogecoin frolics lightly on the breeze, teasing investors with a most enchanting bounce. Our astute observer, Trader Tardigrade—whose wisdom rivals the ages—has proclaimed that the fabric of DOGE’s existence bears the strength of an ancient oak, hinting at a rally that might just bring a twinkle to the eyes of its faithful holders.
