Oh, the absurdity of it all! Like a dog chasing its tail, the Shiba Inu price has secured a spotlight on the crypto traders’ and investors’ radar, beckoning them with the promise of massive gains. And what’s the catalyst for this canine caper? A whopping 60,000% surge in the SHIB burn rate, of course! 🤯
And what do you know? The total crypto market cap chart is looking as confident as a peacock strutting its stuff, showing off a perfect retest at the $2.61T level. This zone, once as tough to crack as a nut with no shell, has now turned into a cozy hammock of support, catapulting us into a rebound that’s smoother than a fresh jar of peanut butter. 🥜✨
Hyperliquid got a taste of the JELLY, and it wasn’t sweet! 😖
A ‘trader’ popped in $7.167M like it was going out of style, on not one, not two, but three accounts. Talk about commitment! They played the leverage game with the liquidity of a rock. And what happened? They lost their shirt, and then some!
But wait, there’s a twist… unless… 🤔
XRP price couldn’t muster the strength to climb above the $2.50 resistance zone and, like a deflated balloon, it reacted with a fresh decline, much like its crypto cousins, Bitcoin and Ethereum. The price dipped below the $2.42 and $2.40 levels, proving that sometimes even the best-laid plans of bears and bulls go astray.
Think of it: all those bright young coders, hunched over their keyboards, suddenly facing the prospect of orange jumpsuits and three squares a day. It’s enough to make you weep into your artisanal kombucha. 😭
Speaking at the DC Blockchain Summit – a place I’m sure is filled with yuks – Gordon boasted that Wyoming’s been all over blockchain like white on rice. And get this, they’ve been “efficient”! Efficient? In government? That’s funnier than a rubber chicken! 🤣
On the resistance front, XRP finds itself facing a formidable foe at around $2.50 and $2.56. Should it muster the courage to break through these barriers, it will encounter further resistance lurking between $2.65 and $2.80, like a stubborn babushka refusing to let go of her prized cabbage. 🥬
Arkham Intelligence, the blockchain sleuths who can trace a digital breadcrumb trail like a bloodhound on the hunt, reported on March 26 that this so-called “trader” attempted to manipulate the system to profit from price movements. Apparently, they thought they were clever enough to withdraw collateral before Hyperliquid’s liquidation system could catch up. 🕵️♂️
Moreover, one cannot overlook the influence of the whales and institutional investors, including the formidable BlackRock, whose recent acquisitions have undoubtedly bolstered the prevailing bullish sentiment surrounding Bitcoin. It is as if the very air is thick with the promise of prosperity!
