BeInCrypto has boldly gone where no analyst has gone before, examining three altcoins that investors should watch this week-or at least until they forget about them. Because, let’s face it, attention spans are shorter than a Vogon poem.
In a recent post on X (formerly Twitter, because why not?), our brave analyst Juan Carlos Zuleta regaled us with tales of lithium carbonate in China, managing to claw back a smidge after nine days of plummeting like a lead balloon. Futures markets have gathered, clustering snugly between $19,500 and $19,700 per tonne, while spot-aligned levels barely managed to sneak in at $19,550. It’s a stalemate-an awkward pause in a terrible romantic comedy.
The president, in his wisdom, did decree a “strategic reserve” for Bitcoin, but decrees, alas, do not conjure reality. The Treasury Department and crypto advisers spent months auditing federal holdings, yet the number remains as elusive as Chichikov’s souls. The process, of course, hit a snag: Congress must establish the stockpile under law. A simple task, no? Yet, it remains undone, lost in the quagmire of legislation.
Between 16:51 and 16:12, shareholder worries turned into applause. Cipher’s share climbed 12.4%, reaching 16.51 dollars, while TeraWulf’s tap danced up 12.8% to 16.12 dollars. Marathon Digital, barely a whisper at 8.28, showed its fingers trembling.
Now, let’s not forget that BMNR stock has taken a nosedive of over 85% since its July 2023 peak. That’s the kind of drop that makes even the most seasoned investor reach for the smelling salts. But fear not! It’s also forming a highly bullish falling wedge pattern, which sounds like something you’d find in a particularly optimistic geometry textbook. A rebound is nigh, they say. Or so the tea leaves-I mean, charts-suggest.
Old Fink, the fellow at the helm of BlackRock, was spouting off during a live CNBC chinwag, declaring that digital assets might just be the bee’s knees in the world of finance, as the markets continue their merry dance toward all things digital and whatnot. No mention of the short-term hullabaloo, mind you-he’s a man with his eyes on the long game, what?
It appears that trend-following Commodities Trading Advisors (CTAs) have sent forth signals of doom within the hallowed halls of the S&P 500. A staggering estimate has emerged from the depths of their prognostications: these funds are poised to unleash a veritable torrent of $33 billion in sales this week alone! And should the winds of weakness continue to blow, we may witness a total deluge of up to $80 billion over the coming month. One could almost feel the collective gasp of traders echoing through the markets.
As the price of Dogecoin continued its descent, resembling a slow-motion tragedy, the figures from CoinGlass revealed a staggering tale: long-position traders, those optimistic souls betting on an imminent price upsurge, collectively endured a loss of $3,041,239 in a mere 24 hours. A sum that could surely have purchased a fleet of delightful puppies, or at least a very fancy dinner!
Their annualized staking revenue, a modest $202 million, is but a prelude to their grand ambition: a daily haul exceeding $1 million once their proprietary American-based validator network launches in the first quarter. Yes, Bitmine is not merely a treasure keeper; it aspires to be the master of the digital realm, a primary infrastructure provider. How quaint.
The recent revelation of ‘poisoned plugins’ lurking within the OpenClaw AI ecosystem has sent developers into a delightful frenzy.
