Now, let’s not forget that Bitcoin had a little wobble from its high of $119,796. It dipped below the $119,000 and $118,500 support levels, entering a rather gloomy short-term bearish zone. Oh dear!
Back in July, miners were hoarding BTC like it was the last roll of toilet paper at the start of a pandemic. Between July 2 and July 22, their reserves climbed steadily, hitting a peak of 1.808 million coins. “We’re holding!” they shouted, their diamond hands glistening with optimism. But then, as if someone whispered, “Hey, what if we just… sold?”, they started offloading their holdings faster than a Black Friday shopper ditching a broken TV. 📉💸
A few hours before the U.S. Federal Open Market Committee (FOMC) rate cuts meeting, the crypto market experienced a subtle de-risking, particularly affecting the altcoin sector. It seems the market decided to take a cautious sip of tea before the big reveal. 🍵
Renowned trader Michaël van de Poppe (@CryptoMichNL), who has the uncanny ability to turn his portfolio into a rollercoaster ride, tweeted about his OMNI adventures. His altcoin portfolio soared from $35,000 to $60,000, all thanks to some timely trades and a bit of OMNI magic. It’s enough to make you wonder if he has a direct line to the crypto gods.
“Few believe what they see now,” whispers Wedson, as if sharing a secret that only the stars have overheard. “This disbelief, especially when it comes to the hope of an altseason—a time when alternative coins might flourish—means that we are still early in the game.” Who would have guessed that skepticism might be the herald of fortune? Yes, dear reader, the quiet before the storm, the lull before the FOMO, the lullaby for strategists who prefer patience over panic.
ETH futures are stealing Bitcoin’s spotlight – surprise, surprise! 🦉
It appears the exchange has pushed for a 19b-4 request—yes, that cryptic number— proposing a nifty little framework that would let ETFs tied to commodities like Bitcoin or Solana launch without begging for each and every review. The dream? A smooth, uniform process, provided the funds meet some basic criteria—like asset type, liquidity, and how easily investors can get their money out before the market closes—because who doesn’t love a little liquidity chaos?
On the sneaky double-day chart, XLM pretended to break out of a bull flag—a fancy pattern that usually promises more sparkling rises. But then, the candles turned redder than a cherry lolly, and everyone’s getting the jitters. Without fresh buyers jumping in, this breakout might be just a birthday cake left out in the rain.
The U.S. Federal Reserve, in a move that surprised absolutely no one, has decided to keep the rates at the 4.25-4.50% level, as per the central bank’s official statement published on Wednesday afternoon. However, two Federal Open Market Committee (FOMC) members, Michelle Bowman and Christopher Waller, had other ideas and dissented from the majority, led by Fed Chair Jerome Powell.
In merely three weeks—poof!—after hitting a staggering 2 million milestone in this digital gold rush, the iShares Ethereum ETF has, with some wild magic, conjured an additional million ETH since July 12. At the current market value, this mirage of wealth transforms into a neat $3.8 billion. A wondrous leap of nearly 50% in just 18 days! Someone hand that ETF a trophy for speed! 🏆
