Alas, the momentum is as fragile as a soufflé in a bustling kitchen, and the bulls must confirm their valor by surmounting the key resistance with the same determination as Sganarelle chasing his master’s affections!
Who would’ve thought that just after losing nearly $1.5 billion in what felt like the biggest crypto heist since the days of Robin Hood, Bybit would find themselves in the mood for a bit of market pruning? It’s like deciding to close the bakery right after the mice have eaten all the flour.
Investors are scratching their heads, pondering if it’s time to dive in or jump ship. A regular rollercoaster, ain’t it?
As the week dawns, both the crypto and stock markets are riding a wave of decent gains, all while the specter of Trump’s tariff war looms overhead like a dark cloud. Traders, those cautious souls, are tiptoeing around the market, wary of making any bold moves. The air is thick with tension, as if the very ground is preparing for the next big shake-up, with analysts whispering about a potential downturn that aligns perfectly with the ongoing U.S. recession debates. Oh, the drama! 😬
The Act I, the Prophecy (ACT) token took a 50% nosedive, DeXe (DEXE) dropped 30%, and dForce (DF) fell nearly 20% within minutes after 1100 UTC on Tuesday. No immediate reason was found to explain this sudden and dramatic plunge. 🙃
In a tale most riveting, Mr. Elon Musk, a gentleman of considerable wealth and influence, particularly within the hallowed halls of the Donald Trump administration via the Department of Government Efficiency (DOGE), has, it seems, achieved a feat of considerable merit. It is reported that a vast trove of financial data, previously thought lost to the annals of time and alleged malfeasance, has been recovered. This discovery, dear reader, could prove rather inconvenient for those government employees who might have dabbled in the unsavory practice of embezzlement of public funds, among other financial indiscretions.
It appears that the crypto market has developed a peculiar fondness for tokens tied to the esteemed Donald Trump, a man whose name has become synonymous with, well, himself. As we take a stroll through the list of top performers, it becomes clear that Trump-themed coins have taken center stage, leaving the rest of the pack in their dust.
Tether, the benevolent dictators of the USDT stablecoin, have seen fit to acquire a paltry 8,888 Bitcoin in the first quarter of 2025. Because, why not? According to onchain data, this is roughly equivalent to $750 million, which is a nice little nest egg to have lying around.
Indeed, these paragons of patience have seen their wealth swell, defying the market’s whims. According to Glassnode, 3-6 million Bitcoin holders, particularly those transitioning into long-term holder status, have witnessed a sharp rise in their digital fortunes. A rise so sharp, it could cut through the doubts of even the most skeptical.
Now, if you were particularly fond of trading USDT in the EEA, you might be feeling a bit left out in the cold. But fear not! Binance isn’t completely abandoning ship; users can still keep their tokens and even dabble in perpetual contracts. So, while USDT, DAI, and USDP might be persona non grata in the spot market, they’re still alive and kicking in the derivatives world. 🎢