Ah, Dogecoin! The jester of the crypto court, has experienced a delightful 6% rally in the past 24 hours, now trading at the princely sum of $0.1700. This surge, dear reader, comes after a period of tedious consolidation, a veritable purgatory for the impatient investor.
Cryptocurrency’s very own seer, Ali Martinez, has rolled out a chart from our friends at Santiment that could rival any plot twist in a West End play. It seems that in March, our colossal marine friends, known affectionately as whales, decided to offload nearly 200 million ADA coins. These are not the mere minnows of the crypto pond, mind you, but the grand cetaceans, those wallets boasting between one million and ten million ADA. 🐋
In this chaotic dance of volatility, let us delve into the strongest crypto token that investors must cling to this week, lest they find themselves adrift in a sea of uncertainty.
Sticking to their plan like a cat to a sunbeam, the company is putting 15% of its profits each quarter into more bitcoin purchases. Their current bitcoin stack is worth $7.7 billion, which is just above $83,000 per bitcoin. I mean, who needs a savings account when you can gamble on digital coins?
Cardano (ADA: $0.67, 24h volatility: 3.9%, Market cap: $24.22 B, Vol. 24h: $764.24 M) is now setting its sights on Bitcoin (BTC: $83,760, 24h volatility: 1.5%, Market cap: $1.66 T, Vol. 24h: $25.03 B), aiming to drag the OG crypto into the DeFi arena. Hoskinson, in his usual flair, declared that institutional investors will soon be forced to dabble in Bitcoin-based DeFi solutions, whether they like it or not. 🏦
The company has ingeniously executed this purchase through the whims of its Bitcoin Treasury Operations, using what they describe as a cash-secured put options strategy—wonderful jargon that makes you sound smart at the next cocktail party! 🥂 Imagine, Bitcoin bought at below-market prices! They managed to nab these beauties at an average price of ¥14,586,230 (or $105,700 for those counting in dollars), culminating in a total expenditure of ¥10.15 billion (around $73.5 million if you’re financially challenged, like many of us).
His tweet, a modern-day wanted poster, declared, “Ghibli Images is a mighty fine way for AI to lasso your facial data, all under the guise of consent. First, they rustle your email and IP address. Second, they snag your retina and fingerprint (WorldCoin). Third, they bag your facial image. Congratulations, Humans…You’ve done been had!”
On the hourly chart, our illustrious bitcoin embarked on a most amusing adventure, climbing from $81,287 to an intraday peak of $84,490. A series of higher highs and higher lows, a veritable masquerade of bullish sentiment! Yet, lo, red candlesticks emerged, like whispers of doubt amidst the revelry, suggesting mild resistance. A potential retreat to the $83,000–$83,200 vicinity might beckon the brave dip buyers, with $82,500 as their precautionary retreat. Should our hero breach $84,800, fresh momentum may ensue; otherwise, our tale remains trapped in a range-bound farce.
In the small dusty confines of an office rented by dreamers of untold digital fortunes, Bitcoin (BTC), the imaginary yet all-too-real gold of the 21st century, lingers indecisively like an indecisive suitor oscillating between $80K and $85K. Hope, a foolish yet resilient maid, clings ardently to the hearts of investors, fueled by whispers of rising macroeconomic cheerfulness and an optimistic Global Liquidity Index. They say hope springs eternal, but in the world of Bitcoin, it mostly springs leaks. 😊
Huang’s act is ready for its close-up, aiming for a first reading soon, with a grand finale planned by the end of2025. Meanwhile, the FSC is all ears, taking public feedback until May24, before they hand it over to Taiwan’s cabinet for a little review sesh in June. 📆