Bitcoin, that enigmatic nomad, found solace above the $82,000 mark, forming a base from which it launched its recovery. Surging past $85,000, it flirted with $86,500, only to be met with the skepticism of bears lurking below $90,000.
Ah, Solana. It has a growth spurt in activity but seems to be struggling to keep up with leverage demand and weak network fees. So, while it may be temporarily bullish, don’t hold your breath for a meteoric rise just yet. 🧐
According to the venerable Mr. Jeff Park, implied volatility, which had long been kept below the modest threshold of 80%, is now creeping intriguingly close to 60%. Such a rise, you see, is not merely a number but a signal-a clarion call that the options market might be amplifying the bounces of our dear crypto. Think back to January of 2021, when a dash of derivatives enthusiasm propelled Bitcoin to a staggering $69,000. Truly, when traders ride the derivatives carriage, the ride becomes anything but dull, with outsized trends ready to sweep all before them.
Enter Whale Alert, the ever-watchful guardian of colossal crypto splashes. On November 24, the tracker spotted a gigantic 33,647,358 XRP – yes, that outrageous mountain of digital coins – leaping from an unknown wallet and belly-flopping straight onto Coinbase faster than a hungry kid chasing chocolate. 💸
On a Sunday that felt more like a Tuesday, Jack Mallers, the cowboy of crypto, revealed that Chase had yanked his banking reins. He didn’t just sulk-oh no. He framed the shutdown letter like it was the Mona Lisa of financial rejection. “Yes. A proud moment,” Mallers wrote, grinning like a man who’d just won a duel. “So proud I got it framed,” he added, probably while tipping his hat to the camera. 🖼️
After taking a nosedive last week (we’re talking bloodbath levels here, folks), Ethereum decided to kick off the last week of November with some positive energy. On the weekly chart, ETH bounced back from a critical support level around $2,850-one that’s been around for years like your favorite pair of jeans that still somehow fit.
On Monday, no less, they announced that YLDS would join a reserves portfolio already brimming with tokenized Treasury products from the likes of BlackRock, Fidelity, Franklin Templeton, and WisdomTree. Rather spiffing, if you ask me. 🧐📈
This all went down before 7 a.m. near 18th and Dolores streets in the Mission Dolores area. According to the San Francisco Chronicle, which probably had more details than I care to know. 📰
The markets were already buzzing, with crypto enthusiasts asking: “Is this another of BlackRock’s notorious sell-offs, or is the firm onto something else?” It doesn’t matter, because in the blink of an eye, they had moved $243.59 million in BTC and $101.72 million in ETH. All in a day’s work, right?
Et voilà que, contre toute attente et dans cette valse chaotique de la Bourse, SHIB, cette petite bête qui ne demande qu’à mordre, se met à grimper, non seulement face au dollar – ah, le bon vieux dollar – mais aussi face à notre ami Bitcoin, ce monstre de pierre qui trône en maître. Oui, oui, chers amis, SHIB salue le matin avec une hausse de 2% face à BTC! Pas de feuilles de route farcies d’annonces fracassantes, pas de fanfare pour l’instant – juste une petite lueur verte dans une mer rouge de désespoir. 🌊