The report claims BTC is gearing up for a Q4 encore, because why break tradition? 🕺 After all, what’s more reliable than a 1,044-day expansion phase? It’s practically a law of nature, like gravity or the inevitability of losing your socks in the laundry. 🧦
The rapid reversal concluded a short season of retreat and, if one may be permitted the expression, set the tone for October-a month traders affectionately term “Uptober” for its history of bullish crypto merriment. 🙂
According to the ever-reliable SoSoValue, these ETFs have bounced back with the vigor of a society matron at a scandalous soiree. Their $3.24 billion in net inflows at the start of October is a far cry from the $902.5 million exodus in September’s final week. This, my friends, marks the second-largest weekly inflow since their March 2024 debut-a feat as impressive as it is fleeting. 🌪️💸
Crypto’s getting big, even for countries with… let’s just say, *complex* economies. Brazil has really taken to this whole crypto thing, moving more money than a pickpocket at a matinee! Even with the regulators breathing down their necks.
Now, before we all start planning our trips to the moon (or perhaps a quick getaway to the Bahamas), let’s pause for a moment and acknowledge the sheer drama that this breakout has created. The crypto market, which had been teetering on the edge of excitement since the beginning of the month, finally got its moment of glory. A month-long build-up, driven by that omnipresent force known as “bullish sentiment,” has now been validated. And of course, how could we forget the ever-popular “Uptober” narrative, which was practically carved into the stars this time around?
Ah, but such exuberance is rarely without its counterpoint. One suspects that these conditions, being rather *overbought*, might elicit a bout of weariness amongst buyers, prompting a regrettable bout of volatility and, dare one suggest, a descent towards the $116,821 mark.
The decision, penned by Judge Fernando M. Olguin, found the plaintiffs’ case as flimsy as a house of cards in a hurricane. The judge, ever the stickler for detail, concluded the plaintiffs failed to meet the Howey Test’s three prongs-like trying to solve a Rubik’s Cube with one hand. 🧩💥
Apparently, these agencies have realized that they need to stop crossing swords over crypto, especially since they haven’t done any major collab since the last Y2K scare. Talk about overdue projects! 🕰️❌
Imagine a flush of overexposed longs in the $200-$220 band, a tragic ballet of weak hands. Yet, strong bids lurk, ready to sweep them away like a bored aristocrat clearing peasants. If successful, $250-$300 awaits-a glittering mirage in the desert of resistance. 🏜️✨
Ah, the marvels of modern finance! Walmart-backed OnePay, that bastion of fiscal innovation, is set to roll out cryptocurrency trading and custody features in its app by year’s end. How thrilling. 🥱