Bitcoin’s Existential Crisis 😱 While MemeCore Mocks Reality 🤡

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Ah, Bitcoin-that trembling colossus of digital gold-had dared to ascend beyond $113,000 yesterday, only to be cast down by unseen hands, as though the very market itself mocked its ambition. And there it lies now, pitifully gasping at $111,000, like a drunkard who has stumbled into a ditch and cannot quite muster the will to crawl out.

The altcoins, those lesser creatures of speculation, skulk in the shadows, their gains as fleeting as a bureaucrat’s conscience. Only HYPE, aptly named, has vaulted past $47, while ENA-perhaps out of sheer desperation-has clawed its way up by 13%. The rest? Silent, stagnant, like corpses awaiting burial.

BTC’s Agony at $113.5K

The cryptocurrency, that wretched Prometheus of finance, strained against its chains last week, reaching for $113,500-only to be struck down by unseen forces, plunging below $107,500 in a single, humiliating day. Two days of torment followed, as Bitcoin scraped new lows, touching $107,100 on September 1, as though the very earth sought to swallow it whole.

Then, the bulls-those deluded optimists-stirred. With trembling hooves, they pushed Bitcoin back above $111,500 by Tuesday. But fate, ever cruel, laughed once more. Another rejection. Another fall to $109,000. And then-oh, the absurdity!-Friday’s weak jobs report spurred a fleeting rally to $113,500, only for Bitcoin to collapse again, shedding nearly all gains in moments, leaving $300 million in liquidations in its wake. Now it sits, exhausted, at $111,000, its market cap a bloated $2.2 trillion, its dominance over the alts a hollow 56.5%.

MemeCore: The Jester Who Rules

And then there is MemeCore-M-that absurd, grinning clown of the crypto circus. It entered the top 100 mere days ago, and now? Now it laughs at reason itself, surging 14% in a day, 200% in a week, trading at $1.57 with a market cap of $2.6 billion. Who needs fundamentals when you have memes?

ENA, not to be outdone in this theater of the absurd, climbs 13% to $0.73. PUMP and HYPE-names so honest they border on parody-follow with 10% and 4.5%, respectively. The rest? Stagnant, indifferent, as though they have already accepted their fate. The total crypto market cap lingers at $3.910 trillion, unmoved, like a corpse refusing to decompose.

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2025-09-06 08:04