Cryptonews

1/20 What’s next in the Ripple/SEC saga? (TLDR; probably going to be months, not days).

After failing miserably at breaking the $595 resistance, BNB decided to take a little dip—down below $590 and $585. It’s like a bad breakup with Ethereum and Bitcoin, who were already feeling down.

“Investors are afflicted with a particularly virulent form of AI FOMO—fear of missing out—often mistaken for sudden-onset techno-enthusiasm,” the report deadpanned on April 17. Just last year around this time, AI only charmed 28% of the VC cash; clearly, someone turned up the hype dial to 11.

After a brief fling with $86,500, Bitcoin decided it was time to go downhill, and not in the fun way. It dipped below $85,500 and $85,000, signaling a bit of a temper tantrum in the short term.

Ethereum’s price is struggling to rise above $1,700, much like I struggle to rise before noon on weekends. It has dipped below the $1,620 and $1,600 support levels, and even had a dramatic spike below $1,550. Talk about a rollercoaster ride! 🎢

Glassnode—the analytics whiz that knows what’s happening under crypto’s hood—has dropped some data bombs that nobody asked for but we all need. Their latest gossip? Solana’s price zones are turning into prime real estate for investors who apparently have been hoarding SOL like it’s the end of the world. Or, you know, just the start of a market shift.

On the 16th day of April, the U.S. Securities and Exchange Commission (SEC) has kindly informed us of its upcoming crypto custody roundtable, which shall be held on the 25th of April. This event is part of their ambitious quest to regulate the thrilling realm of digital assets. One might say it’s their grand attempt at ensuring the Wild West of crypto is brought to some semblance of order—well, as much order as anyone could ever expect in this world.

So, what did the experts say? Well, only a paltry 7% of them dared to dream that SHIB might one day flip DOGE, with the most optimistic predicting this could happen as soon as 2026. The remaining 14% were left scratching their heads, unsure of SHIB’s fate. It seems the overwhelming consensus is that Shiba Inu’s chances of dethroning Dogecoin are about as likely as finding a unicorn in your backyard. 🦄

Once, in the halcyon days not so long ago, Cryptoquant noted a torrent of bitcoin—bold and brash, 800,000 BTC daily—cascading from the hoards of large holders. Now, that torrent dwindles to a mere trickle of 300,000 BTC, a retreat not from confidence but surrender. The great whales, facing the cruel sting of prices dipping beneath the fabled $80,000 mark, have been nursing their wounds, shrinking their treasure troves by some 30,000 BTC just this past week. One might almost imagine them muttering, “Better safe than sunk.”

Get this: SHIB’s daily burn rate jumps 111.43%. That’s right, it more than doubled. Weekly burn is up almost 20%. So, the deflation machine is wheezing back to life like it had a triple espresso. ☕