In a dramatic turn of events, XRP has dipped below the $2.250 and $2.20 levels, joining the ranks of Bitcoin and Ethereum in their collective sulk. It even dipped below $2.120, testing the $2.080 support like a toddler testing the limits of their parents’ patience.
Take Sky, for instance, with its $238 million annual spend – a staggering $20 million a month. One would think that such a lavish outlay would yield some tangible results, but no, it’s all just a grand exercise in futility. The TVL, active users, and long-term protocol dominance they so desperately seek remain as elusive as a will-o’-the-wisp.
The 26-year-old crypto TikToker was snatched on Friday night while returning home to Juvisy-sur-Orge in Northern France, according to a report on Sunday by French radio station Europe 1. The four thieves reportedly forced the trader into a stolen vehicle and even beat him during the incident. 🚗💥
“Today’s price drop was caused by a series of abnormal on-chain transactions within a very short period on the ZKJ/KOGE trading pair,” Polyhedra chirped on X on June 15, after ZKJ’s market cap plummeted nearly $500 million in a mere nine hours. Some trackers even claimed the plunge occurred in less than two! Talk about a rapid descent! 🚀
With the wider toppings of the altcoins, the fund issued 15.147 million ENA, worth about $4.48 million, out of Bybit to the personal wallet. One can only hope they have a good reason for this, or they might just be the crypto equivalent of a lottery ticket. 🎟️
Hunter Horsley, the big cheese at Bitwise, is super stoked about bitcoin. Like, really, really stoked. He’s been tweeting up a storm, saying that the real opportunity for bitcoin isn’t just being digital gold, but rather the $30 trillion in U.S. Treasuries used as a store of value. 💸
Bitcoin traded up early last week before fading to finish roughly 3.5% lower than last Friday. Bitcoin and equities stalled last week, as the focus moved decidedly towards macro factors—by macro I mean geopolitics and macroeconomics—at play. In order of importance, let’s briefly go through what’s happening outside of the crypto bubble.
Dogecoin’s price antics over the past few weeks have raised eyebrows, showing some delicate hints of a possible bullish reversal. Trading around $0.177, DOGE has managed to hold firm above a level of support that combines the Fair Value Gap (FVG) and a 4-hour Order Block (OB)—a real “strategic positioning” rather than the frantic, panic-induced exits we’ve seen in the past. According to analyst Andrew Griffiths, this is not a sign of weakness; no, no, it’s just “smart money soaking up liquidity at discounted prices.” Smart indeed, like buying yesterday’s bread at half price, right? 🥖
Data from Shiba Inu’s burn tracking website, Shibburn.com, reveals that the latest burn wave was primarily driven by a few large transactions. The wallet address beginning with “0xdb6” played a significant role, facilitating burns totaling over 500 million SHIB across multiple transactions to the BA-1 burn address. One of its largest single burns reached 310,744,788 SHIB, followed closely by another 107,333,061 SHIB, and then another 103,276,575 SHIB.
One might say that this pattern, in its classic elegance, speaks of a coming upward surge — one of those dramatic movements that the traders so dearly cherish. The chart, like a finely orchestrated symphony, has laid bare its details: the left shoulder, the head (yes, that rather large and prominent feature), and, of course, the right shoulder that is still in progress, as if Bitcoin is stretching its arms before the grand leap. The neckline, that most pivotal of lines, is perched at a tantalizing $113,000. And should this line be crossed, well, brace yourselves — Bitcoin may very well race towards $140,000, or perhaps higher, for who can truly predict where the winds of fortune may take us? 🏃♂️💨
