Bitcoin’s Struggle: Short-Term Investors Get Squeezed As Prices Fall Below Cost Basis

As Bitcoin’s Realized Price metric so graciously points out, it’s the short-term holders who are feeling the sting of the market downturn. Yes, those who just recently ventured into the crypto wilderness are now facing the bitter reality. It’s almost like buying a ticket to an amusement park only to find out the rollercoaster is under maintenance-except this one is more financially devastating.

TAO Explodes: Will It Blast to $564?! 😱🚀

Speaking of which, the excitement is palpable, or at least that’s what the numbers are trying to tell us. In the past day, TAO flirted with a high of $459.54 and dipped as low as $395.34, all while swirling around $519.42 million in trading volume-enough to make a banker’s head spin. And its market cap? A respectable $4.53 billion, which, in crypto terms, is like saying you’ve got a fancy yacht but it’s made of bits and bytes.

Beijing’s Digital Clampdown: Web3 in Peril!

Behold, the Chinese government’s unyielding resolve to dominate the monetary realm, a sacred duty as immutable as the mountains. The Web3 aspirations of the nation are now bound in chains, their wings clipped by the specter of state control. 🧠

Governments Gone Crypto-Crazy: Who’s Hoarding the Most Bitcoin? 🤑

October’s been a rollercoaster, hasn’t it? Especially when the U.S. decided to play sheriff and seize 127,271 bitcoins from a sneaky Chinese national. 🕶️ But here’s the twist: they’d already swiped the stash back in July 2024! Talk about keeping secrets, eh? Federal agents must’ve been doing the happy dance in their black suits.