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! 🏆
The 4-hour chart is nothing short of a Shakespearean twist—a bold escape from a downtrend line that had tyrannized upside attempts since February. Yes, dear reader, Optimism broke free, soaring past $0.70 with all the flair of an opera singer hitting a high note. And what do we see now? The very same downtrend line has transformed into a humble support floor, proving that even villains can redeem themselves in this grand financial opera. 🎭
Our dear LTC has flirted with local highs around $120, only to be met with a rather rude correction, leaving it to wallow under the bearish influence. But fear not! The bulls, though they seem to be on a tea break, are valiantly defending the support at $105, hinting at a potential rebound that could make even the most stoic investor raise an eyebrow. Currently, the Litecoin price appears to have set its sights on a rather ambitious target of $200—because why not aim for the stars? 🌟
Should the Federal Reserve decide to cut interest rates unexpectedly, the allure of fixed income might wane, thus nudging some adventurous capital toward Bitcoin. Who needs bonds when you can have digital gold? 🤷♂️
In news that will either excite or terrify anyone who’s ever lost sleep over cryptocurrency, this London-listed tech firm decided to splash out £19,908,550 on Bitcoin. That’s an average of £88,482 per coin, bringing their grand total to a staggering 2,050 BTC. At this rate, they might as well start printing their own money. Oh wait… they kind of are. 😅
The SHIB itself, meanwhile, performed a melancholic minuet, dipping from $0.000013 to $0.00001255—a drop so subtle, one could mistake it for a rounding error. Yet our mysterious accumulator, with the timing of a hawk and the patience of a toddler waiting for candy, pounced during this “pricey lull.” July 30’s on-chain data whispers of a hoarder’s paradise: no SHIB fleeing the nest, only a silent, sly accumulation. Is it an institution? A rogue trader? A sentient meme? The mystery deepens, like a Bitcoin block reward halving… but with more doge. 🐕
This meteoric rise in ETF holdings has been almost perfectly synchronized with Bitcoin’s own stratospheric price surge, which has seen the cryptocurrency rocket from $46,000 to a dizzying high of $119,000—a 160% increase. It’s enough to make your head spin and your wallet cry tears of joy (or sorrow, depending on when you got in).
One can’t help but marvel at their reckless optimism; a 505% surge in net income, they say. Perhaps the secret is their belief that Bitcoin is a sort of magic talisman, and their confidence that it shall never falter—yet, does anyone truly understand how this magic works? Certainly not me, but I do get the sense that behind all this flourish, there’s a quiet desperation, like a man clinging to a sinking ship, shouting, “Look! We’re afloat!”
According to the insightful scribes at IntoTheBlock, the volume of large PEPE transactions has surged by a commendable 45% over the past day. In this period, these elusive whales have managed to transfer a staggering 7,760,000,000,000 PEPE tokens, a sum that, at the current market price, would make even the most stoic of economists raise an eyebrow—valued at roughly $86.9 million. 💸📊
