Bitcoin’s Irony: Altcoins Flee to the King’s Castle

Behold, the CryptoQuant sages have spoken, their analysis a beacon in the darkness, revealing the flight of capital from the altcoin wilderness to the fortified walls of Bitcoin. At $65,000, Bitcoin stands as a bastion of stability, a refuge for the weary traveler in a land beset by uncertainty. Here, whales and long-term holders gather, their strategic accumulation a testament to the enduring appeal of the firstborn of the crypto world. Altcoins, once the darlings of speculation, are now but shadows of their former selves, their volumes halved, their allure dimmed.

Fear, Greed, and the Great Crypto Gamble

Now, some bright souls figure this is the time to “buy the dip,” which sounds clever until you realize it’s like buying a ticket to a sinking ship and hoping the lifeboats are made of gold. One analyst, however, suggests that extreme caution might be more of a red flag than a green light-though he probably says that to keep his job.

Coinbase’s New Crypto Loans: A Tale of Financial Folly and Digital Gold

The company, with the timing of a man who has just remembered to take out the trash, announced this update on Feb. 18. U.S. customers (New York excluded, presumably due to the state’s suspicion of anything that sounds like a Ponzi scheme) may now borrow up to $100,000 in USDC by pledging these tokens. The service is available via Coinbase’s website and mobile app, where users can now feel the thrill of financial responsibility and the existential dread of liquidation all at once.