Crypto news

Like a startled goose, Cronos (CRO), flapped its wings and soared a majestic 38%, reaching the dizzying height of $0.114 on the 25th of March, in the wee hours when Asia still stirs from its slumber. Its market cap, a rather plump fellow, now sits at $2.26 billion, while its daily trading volume, typically a trickle, has become a veritable flood, swelling by over 1,300% to nearly $300 million. One can almost hear the coins clinking and clattering in the digital vaults! 💰

The $BNB price, much like a stealthy butler sneaking an extra slice of cake, has been quietly but surely making its mark as a cryptocurrency of considerable repute. The bulls, with the finesse of a seasoned cricket batsman, have swatted away the descending trendline and are now scrapping with the formidable resistance at $6.39. Should they triumph, the next port of call is a higher high at $7.31 – a veritable Everest before the summit of the all-time high.

Mr. Austin Hilton, a notable financier and man of numbers, has observed that the crypto throngs have largely withdrawn to their counting houses, leaving the market to dawdle in a state of inertia. The trade volumes, though they have scaled the heights of $4 billion, seem to have left the price quite untouched—like a gentleman who, having danced the night away, returns to his chair without a spot of perspiration.

Our dear former President Donald Trump, ever the visionary, suggested that the US government could dabble in Bitcoin holdings, provided it does so without breaking the bank. One glittering idea that’s been tossed around? Gold. Yes, the shiny stuff. 💰

Whispers abound, you see, about the peak. The dreaded market top. A CryptoQuant fellow, name of Burak Kesmeci, has spotted signs. Four of them, no less. Ominous on-chain portents of a potential Bitcoin demise… or at least, a rather nasty correction. One never knows, does one?

Bitcoin is living the dream—or, ya know, the brief illusion of it. Up over $87,000, which is great, but watch out: Options expiry on Friday is coming in hot with $12 billion on the table. Volatility? Oh yeah, it’s gonna be like a bad sitcom episode. Price misery? Max pain at $85,000. Calls for $100,000? Sure, dream big, folks. 🚀

And so, the grand ballet of cryptocurrency prices has begun anew. Bitcoin, that majestic creature, has broken above the $88k mark, its price rising like a phoenix from the ashes of yesterday’s doubts. It danced in the daily high of $88,635, its bullish momentum a waltz of delight, but alas, it stumbled and fell to the $87k range. Ah, but the show must go on, and the uptrend suggests that Bitcoin will soon reach the fabled $90,000, if it continues to prance on its current wave of optimism.

Trump’s got this bee in his bonnet about the US trade deficit. Says it’s too big, needs to be smaller. The US has been running a deficit since 1976, can you believe it? That’s longer than some of you have been alive! January was particularly ghastly, with a deficit of -131.38 USD Billion. Blimey! 😱

The whole thing is still waiting for “regulatory approval”—because that’s always a good sign, right? The brainchild behind this master plan is Trump Technology Group Corp (TMTG). Yes, the same folks behind Truth Social, which is just… fantastic. And now, they’re jumping into the world of fintech with Truth.Fi. Really? Does anyone need this?

Despite the Fed’s attempts to sprinkle some fairy dust on the economy starting in the third quarter of 2024, bond yields are still high, and the stock market is like, “Nah, I’m good.” Seriously, it’s like watching a cat ignore a laser pointer. 🐱✨