jpyxx On the 4-hour time frame, which I must say is rather like trying to read Jeeves’ poker face, the BTC price has taken a bit of a breather from its $76,000 high jinks. It’s now hovering around the $74,000 mark, which, I’m told, is both a support and a resistance level, not to mention a descending trendline. Rather like a chap trying to decide between a spot of tea and a stiff whiskey, if you catch my drift.
EToro (ETOR), in a move that can only be described as bold, has agreed to a $70 million pact to snatch up crypto wallet provider Zengo, bringing self-custody tools into its trading platform. Who needs a bank when you can have a digital fortress?
“BTC bullish hopium – compound fulcrum bottom forming on daily.” Yes, hopium! Because that’s exactly what we need in this market – a little more fantasy.
Kevin Warsh, who was nominated by Donald Trump to lead the Federal Reserve, has reported a net worth between $131 million and $209 million. His financial disclosure, a 69-page document, reads more like a presentation for a tech startup than a typical policy report. Warsh’s assets significantly exceed those of current Fed Chair Jerome Powell, who reported $75 million, making Warsh the wealthiest potential candidate, particularly when including the wealth of his wife, Jane Lauder.
This time, the aim is to widen access to its dollar-backed stablecoin, because apparently stability is the new rock star and everyone wants to carry a little rock in their digital pocket.
On a rather mundane Monday, our heroine, Deputy Leader Cooper, penned a letter to none other than the esteemed CEO of the Financial Conduct Authority, Nikhil Rathi. She beseeched him to investigate the enigmatic Nigel Farage, who, in a burst of entrepreneurial spirit, had appeared in a promotional video for the crypto treasury firm, Stack BTC. Ah, but here lies the twist-Mr. Farage is not merely a spectator in this drama; he is, in fact, an investor, boldly showcasing his purchase of approximately £2 million in Bitcoin. Surely, one must wonder, is he the protagonist or merely a jester in this cryptographic circus?
The company’s latest financial report filed on Tuesday showed a net loss of $3.8 billion for the quarter. Over that same period, the number of outstanding shares nearly doubled, increasing from 232 million to 494 million between August 31st and February 28th.
He claims that after a bunch of high-level chats in Washington, D.C., the regulatory mess is finally getting sorted out. I mean, seriously, how many “high-level discussions” do you need before someone just says, “Hey, let’s make this easier!” It’s like they’re all sitting around a table saying, “Should we? Shouldn’t we?” for a decade. Let’s get it together, people!
Dogecoin’s progress paused in a downward correction after a troublesome failure to surpass the respectable $0.0980. It inclined to retreat beneath $0.0960 and $0.0950, much as a spirited debutante withdraws from a crowded ballroom when the music proves too forward.
On Wednesday, the price of Ether relative to Bitcoin was around 0.0313. This is an increase from a low of 0.028 in February, but still lower than its peak of 0.038 in January. Over the past week, Ether’s price increased by 4%, reaching around $2,325, while Bitcoin rose by a similar 3.9%.