Currency Forecast

Bitcoin will complete a double-top reversal pattern on a close below the $107,000 support. 🤡💸

Remember when Pi Coin (PI) was the belle of the ball, peaking at $2.98 in February? Good times. Then came the mainnet launch, followed by a tumble to a record low of $0.1465 in October. Ouch. Its market cap went from a whopping $20 billion to a mere $1.97 billion. Talk about a reality check. 📉💔

French lawmakers, in a ballet of bureaucracy, have advanced a new tax amendment. The levies, a symphony of fiscal restraint, target “unproductive wealth.” Furthermore, the crypto holdings and property, deemed mere phantoms of value, are now ensnared in this web of taxation. The amendment, a sonnet penned by Jean-Paul Mattei, centrist MP, on October 22, was passed late on Friday by the National Assembly, as if the clock itself were complicit. 🕰️

Bitcoin’s bulls have a new BFF: Michael Saylor, the man who turned MicroStrategy into a $BTC hoarding machine. His latest forecast? A $150K moonshot by 2025, followed by a $1M crescendo by 2029. And just to prove he’s not bluffing, the company bought 397 more $BTC-because why not? 💸

Tharimmune (THAR), that little Nasdaq-listed biotech company you probably never heard of until now, has raised around $540 million in a private placement. It was all led by DRW and Liberty City Ventures. The firm is apparently having a big pivot moment, aiming to build a digital asset treasury (DAT) strategy around the mysterious and slightly elusive canton coin (CC). Yes, it’s real. (They’re serious, don’t worry.)

The XRP crowd, dear readers, is currently waging a battle of wills with the number 2.60. Traders and investors, once bold as lions, now shuffle like overcooked pasta, clutching their portfolios as if they were last rites. 🐲

In some bold spot on X (formerly Twitter, but who’s counting?), Hylan dips his toes into history, reminding us that Bitcoin has always lagged behind the glamorous gold and the overachieving stock market. It’s like the awkward kid who finally shows up just in time for the prom. Last time around, 2020, when the world was falling apart faster than a sandwich at a picnic, BTC stayed modestly between $9,000 and $12,000 – basically the middle of its teen years. But hold onto your hats, because by the end of that year, it was partying at $20,000, only to climb all the way to $64,000 in 2021. Ain’t that a story? That’s crypto for you-fashionably late, then a diva, then a superstar.

Currenc Group, that stalwart of AI and fintech, has struck a pact with Animoca, a reverse merger so audacious it could make even the most stoic investor blush. “A non-binding term sheet,” they say, as if such documents are mere trinkets in the grand chess game of capital. 🃏💸

This policy pivot arrives as the city, ever the suave host at a glittering yet stifling soiree, expands its licensing regime, striving to transmute regulatory progress into higher trading volumes and broader participation. One imagines the regulators sipping tea, murmuring, “Let the games-and the money-begin.”

The Facts