And yet, the seemingly small dip in Bitcoin’s value is but a fleeting moment in the grand and tumultuous drama of the market. Underneath the surface, darker signs are starting to emerge, suggesting the dreaded crypto winter might be upon us. Don’t you just love a bit of impending doom?
The market’s reaction? A collective “WTF?” that led to a grand total of $35.35 million in liquidations during the same period — with longs taking 83.6% of the financial whacks. It was like watching a very ironic soap opera, except real money was involved.
But, spoiler alert, it’s not happening just yet. Why? Because the crypto gods have been busy unleashing a tidal wave of new token launches that are about as promising as that gym membership you signed up for in January.
She basically said, “Hey, scammers and copycats, take several seats. I may not have a magic wand to banish you, but I’m here to school the SHIB fam. Because let’s be real, nothing ruins a party like imposters stealing your swag.”
The bandwidth for XRP has narrowed to its lowest since October 2024, on the 4-hour chart. What does this mean? A market brewing with energy—kind of like the silence before a loud, awkward dinner conversation. 🍽️ Oh, and Bitcoin’s 4-hour chart is showing the same thing. Isn’t it cute when two cryptos agree?
Meanwhile, in the realm of Artificial Intelligence tokens—those digital heralds of a new era—Bittensor, Render, and AI Companions ascended to the heavens, their value soaring by double digits. It was as if they had been touched by the divine hand of progress itself, or perhaps, by the speculative fervor of the market.🚀🤖
The token’s glory days—when it gleamed like a golden crown on Trump’s inauguration day—are now nothing but a distant, dusty memory. It’s dropped a jaw-dropping 97% since then, landing at a bottom so low you’d need scuba gear to find it.
It rode into the weekend with a good, strong trot up to that $140 corral, though it ran into a wee bit of a fence—what the city folks call “resistance.” Now, the fancy on-chain folks got their magnifying glasses out and reckon Solana’s caught between two stubborn picket fences that might keep it from wanderin’ off one way or the other.
He’s got a point: Bitcoin, with its 21 million coin cap, has a pretty hard-to-ignore supply model. And Mow, in his infinite wisdom, has decided to break things down for us in terms we can all understand. “You can buy one twenty-one millionth of the BTC supply for a mere ~$85,000,” he tweeted like he was tossing out some kind of financial grenade.
According to Peterson’s analysis, Bitcoin might be expected to trade within a range of $75,000 to $138,000 over the next 90 days, given its historical behavior in comparable market situations.
