🚨 Bitcoin’s Descent into Madness 🚨

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As the moon cast its silvery glow over the tumultuous landscape of finance, Bitcoin‘s price embarked on a most…unsettling waltz, descending for the fourth consecutive day to the dizzying low of $83,387. The Dow, that stalwart sentinel of Wall Street, shuddered in tandem, plummeting 700 points, while the S&P 500 index followed suit, surrendering 112 points to the void. 📉

The specter of inflation, that most insidious of foes, loomed large, its presence heralded by the core Personal Consumption Expenditures index’s unwelcome surge to 2.8% – a 0.4% monthly increase that left expectations in its dust. 😬

“Don’t shoot the messenger…” 📨

“…Just reporting on what the chart says until it says something different. Bear wedge completed with 2X target from the double top at $65,635.”

Crypto trader ‘HTL-NL’ concurs, pointing to Bitcoin’s inability to shatter the icy grip of its long-term descending trendline and the bear wedge’s ominous completion. The writing, it seems, is on the wall. 📝

Yet, amidst this maelstrom, a glimmer of hope – or perhaps mere whimsy? – as crypto trader Cole Garner reveals that “whales are going wild right now.” His evidence? A Bitfinex spot BTC margin longs to margin shorts metric that’s historically preceded returns of 50%+ within a mere 50 days. 🐳

And so, as the regulatory winds whisper sweet nothings to the crypto world, White House AI and Crypto Czar David Sacks applauds the FDIC’s clarion call, guiding banks through the verdant pastures of crypto-related activities without the need for prior notification. A beacon of hope in these tumultuous times? 🌿

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2025-03-29 01:05