And of course, Trumpās people are all over it. Figures. They want someone who wants to cut rates. Cut rates! Like thatās just a simple solution to everything. It’s just šā¦ It’s like saying, “Oh, the house is on fire? Justā¦lower the price of firewood!”
JB Mackenzie, a fella with more initials than a bank account, says folks are just eatinā up these prediction markets like grandmaās hot biscuits, and theyāre planninā to pour more coal into that engine with a futures exchange and a bit of derivatives dance. The idea is to make it real smooth and pretty-like polishing a brass doorknob-so their customers get the best experience and maybe a little more luck.
It’s another day of melodrama in the crypto world, and let me tell you, if Cardano were a soap opera, they’d be discussing it over a cup of tea and a scone (which Cardano could certainly use, going at 70% off its peak like it’s on a Black Friday discount). š„š°
Hassettās the ādovishā type-think of him as the guy whoās too chill about lowering rates. Basically, he’s like that friend who always says, āRelax, itās not that bad,ā even as everything’s melting down. His idea? Lower rates could juice up the market. Shocker, right? More borrowing, more spending, more chaos. Just what we need. šø
While the crypto world hasnāt been shy about bouncing back from its recent tumble, XRP decided to strut its stuff, bouncing back past the $2.19 mark – like a rubber ball that just wonāt stay down. The chart below shows our flashy heroās recent antics:
Why, quite the reverse; they do signal the continued ascendancy of bearish spirits, particularly in the more intimate chronicles of our lower scale timelines! š»
Ah, Ripple, that indefatigable juggernaut, strides forward with the confidence of a man who has already written his own eulogy. XRP and RLUSD, once the bastard children of the crypto boom, are now anointed as the saviors of institutional liquidity. The world, it seems, is ready to trade its soul for a slice of this digital pie. š„§š¤¹āāļø
On the technical front, things are more tangled than a kitten in yarn. CryptoQuant reports that Bitcoinās Sharpe Ratio is dipping into its āgreen zoneā-yes, the risk-adjusted returns are now more tempting than grandmaās apple pie, reminiscent of previous bullish surges. Caprioleās āBitcoin Heaterā is also shining bright green, hinting at a potential upward move. But wait-donāt pop the champagne yet! The aSOPR indicator, which keeps a close eye on profit and loss cycles, has been snoozing for nearly two years, refusing to hit the āred lineā that usually signals tops in past booms. Is this a sign of indecision or just the market having a bit of a midlife crisis? Only time will tell.
So hereās the deal-Pereraās report, which came out on November 24 (because who doesnāt want to end their month with a financial crisis?), points out that Strategy Inc. is sitting on a crypto hoard of 649,870 Bitcoins. All that shiny Bitcoin was purchased at an average of $74,433 per coin, adding up to a mind-blowing $48.4 billion. Thatās about 3.26% of the total Bitcoin supply. Sounds impressive, right? Well, itās all funded through a ridiculous concoction of financial instruments-$43.1 billion in convertible debt (thatās basically debt that turns into stock) with a near-zero interest rate. Oh, and letās not forget the high-yield perpetual preferred securities and equity offerings that are essentially fancy ways to borrow money. Fancy, but not sustainable.
Over the past couple of weeks, BNB has been flirting with its upper boundaries-reaching heights it touched before in 2024, only to pull back and give us all a dramatic gasp of breath. Now, itās testing whether this old resistance is actually just a support pillow. The trading volume? Still as calm as a sleeping kitten, no wild selling sprees detected.