After this splendid acquisition, their total stash now stands at a cool 4,855 bitcoins, valued at a staggering $420 million if one’s arithmetic is up to snuff. Quite the piggy bank for a Japanese firm.
In a thrilling April 21st announcement—because nothing says excitement like corporate disclosures—they revealed they shelled out about ¥12.18 million (~$85,605) per Bitcoin. That’s roughly ¥4.02 billion (~$26 million) flushed into cryptos. Their Bitcoin pile now flexes at ¥62.17 billion ($414 million). Average price per coin? A cool ¥12.8 million ($85,386). They’re basically casual about spending millions like it’s pocket change. 🤑
As if that weren’t enough, consumer sentiment took a dip, and household inflation expectations surged. Clearly, this is not a time to break out the champagne. The economy is looking a tad turbulent, if you ask me, and we can only hope the storm doesn’t turn into a full-blown financial tempest.
Now, Bitget isn’t just twiddling their thumbs. No sir! They’ve boldly declared they’ll yank back those suspicious profits faster than you can say “pump and dump,” giving all those cheeky traders their comeuppance within 24 hours. It’s like Robin Hood, but instead of stealing from the rich, they’re stealing BACK from the *too rich*. 🧐💰
As of April 20, Solana’s total staked value reached a cool $53.9 billion. Not bad for a blockchain that’s still trying to shake off its reputation for instability. This whopping amount comes from 505,938 unique wallet holders, each raking in a sweet 8.31% annualized return. Not too shabby, right?
Our dear Bitcoin is flirting around $84,000, cheekily perched just above the 100-day EMA, all while throwing shade at the formidable 200-day EMA sitting smugly near $87,350. Will it break free? Oh, one hopes—for cracking through this resistance could not only shatter the tiresome “death cross” drama that’s been dogging its midterm reputation but might also herald a bullish renaissance worthy of the tabloids.
Let me guess, you don’t already know? DOGE Day is that glorious occasion celebrated every April 20 (because, obviously, it’s also 4/20 — wink, wink) to honor Dogecoin. Initially started as a way to push DOGE to the $1 mark back in 2021 (lol, we tried), it’s now an annual tradition full of memes, online drama, and, most importantly, speculative trading — because why not?
Of course, as is customary, he acknowledged the little “hiccups” along the way, namely the ongoing U.S.-China trade dispute. But fear not, for in the magical land of Hoskinson’s mind, these issues will soon evaporate like morning mist under a rising sun. And with it, investor confidence will soar, and the markets will calm down faster than a caffeinated squirrel on a sugar rush.
The lower timeframe chart reveals that a pullback to $0.67 is a possibility, but it also displays a battlefield where traders are locking horns over key support/resistance levels. The drama!
Enter the oracle Timothy Peterson, casting his gaze upon the US High Yield Index Effective Yield soaring beyond 8%. “Since 2010,” he intones, “38 such episodes have flickered across the financial firmament.” Of these, Bitcoin has soared 71% of the time three months after—a median blossoming of 31%, yet not without the shadow of a 16% plunge to remind us of fate’s cruelty. Thus, in his somber prediction, Bitcoin shall wander a rugged path between $75,000 and $138,000 in the coming quarter. Fools rush in where angels fear to trade!