jpyxx Our traders, ever the spectators of this riveting opera, turned their gaze to the renewed squabbles between the White House and the Federal Reserve. Trump boldly proclaimed he had no imminent plans to “fire” Powell, but then couldn’t resist the urge to sprinkle in that the Chair was doing a “terrible job.” Ah, the mixed messages—will it ever end? 🍿
Now, if we stare long and hard at the 1-hour UNI/USDT chart from that bastion of crypto wisdom called Binance, we see a delightful trend shift forming higher lows before shuffling awkwardly near that oh-so-tempting $9.50 resistance. Following a thrilling peak, UNI decided to play coy in a narrow, indecisive range between $8.90 and $9.30—an encapsulation of the short-term market’s crippling indecision. Would that it could have consulted a life coach! 🤷♂️
As of 11 a.m. Eastern on Wednesday, July 16, 2025, the Altcoin Season Index (ASI) listed on blockchaincenter.net sits at 39 out of 100. It’s not quite altcoin season yet—but it’s getting there. According to ASI’s criteria, it becomes altcoin season when 75% of the top 50 coins have outperformed bitcoin ( BTC) over the past 90 days (a season).
Despite this whimsical rollercoaster, the overall vibe remains as bullish as a particularly cheerful farmer after a good harvest. The price structure and momentum seem to favor the optimistic bulls, while the bears are likely contemplating their life choices amidst the volatility.
Now, this might seem like a mere trifle to the uninitiated, but trust us, it’s a hint of things to come. You see, XRP’s deflationary mechanics are often overlooked, much like the dusty old tomes in the Ankh-Morpork library. But not today, dear reader! Today, we gaze upon the market structure and behold! The price has reached a local high of $3.02 and has since broken out above the $2.90 resistance zone, consolidating around $2.95 like a comfortable old armchair.
Take a moment to sip on some coffee while you explore the expanding influence of Bitcoin (BTC). According to Max Keiser, this digital currency poses a significant threat to the very roots of established governmental authority.
On the 16th of July, in the year of our Lord 2025, the price of XRP ascended with a flourish of 2.51%, landing firmly at $2.93, representing a noble 26% resurgence over the preceding week. Yet, alas! Daily trading volume dwindled by a disheartening 38%, settling just above $7.1 billion. One might expect this dip to herald morose tidings of waning demand, yet the steadfast price action beckons a more intricate narrative beneath.
The Maryland-based firm announced earlier this month a $100 million funding plan to acquire more ETH for its balance sheet. The firm says it runs blockchain operations like staking and block building, with a tilt toward the Ethereum ecosystem. It also develops tools such as ChainQ, an analytics platform designed to help users sift through blockchain data.
In Q2, there seemed to be a continuous stream of significant announcements regarding stablecoins. For instance, JPMorgan introduced their USD Deposit Token on Base, while Coinbase unveiled their stablecoin payment system following their partnership with Shopify. Anchorage Digital purchased Mountain Protocol, a USDM issuer. Ubyx managed to secure $10 million for its stablecoin clearing infrastructure. Bitcoin-based Plasma swiftly reached its $1 billion deposit limit in just 30 minutes. All of these events happened quite successively within a short period.
As the famous Doge meme gazes out upon us with its big, round eyes, we cannot help but be drawn in by its winsome charm. And it seems we are not alone, for the crypto trader Kaleo has taken to the digital airwaves to proclaim: “Run it back to ATHs with haste.” One can almost hear the sound of cheering crowds and clinking champagne glasses as the good people of the internet rally behind this most unlikely of heroes.