Traders and analysts are now in full detective mode. 🕵️♀️ Some think it’s a fancy new strategy by the big whales, while others are side-eyeing the whole situation, muttering about “lack of buying pressure.” Because, you know, crypto drama is never just drama-it’s a whole soap opera. 🧼🎭
Let us indulge in a brief recap of last week, where BTC, on the verge of breaching the ominous $100,000 threshold, managed to hold its ground-just barely. By the weekend, it recovered a bit, reaching a promising $102,000, then surged to $104,000 by Sunday afternoon, with the added bonus of a Monday morning bump to $107,000. Why? Because President Trump, in a fit of generosity, promised $2,000 in tariff checks for the non-wealthy folks, and-surprise, surprise-hinted at the end of the longest government shutdown in history.
Yes, you heard that right. If this goes through, it will replace the current system where each member state, like a good little individual, has been handling supervision on their own. But not for long, folks! ESMA’s about to take the wheel of this wild crypto rollercoaster.
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This comes as the entire crypto market remains under pressure, with investor sentiment deteriorating sharply as losses deepen across the board. It’s like watching your friend’s startup fail while they still think they’re a genius. 😭
And let’s not forget Dogecoin (DOGE), the meme coin that refuses to die. Despite the whales-those mysterious, deep-pocketed creatures of the crypto sea-scooping up tokens like they’re going out of fashion, DOGE is still sinking faster than a lead balloon at a wizard’s convention. 🐳⛵️
Over $1.1B in liquidations later, and the altcoin sector is having a group therapy session. Ether’s 9% drop? Just a warm-up for the real drama. 🤯
In the last two trading days, ARK purchased a hefty 542,269 shares of Circle (CRCL). The $46 million splurge was spread across two purchases: $30.4 million on Wednesday and another $15.5 million on Thursday. The timing? Oh, only when the price of CRCL shares plummeted to a jaw-dropping $86 and $82.30. 🎯 Talk about catching a falling knife, darling.
Now, the question echoes through the void: How low can this digital phoenix plummet? 🦅💸
