In an X post, X Force highlighted a key fractal from the early phase of the 2023 bull market and noted why it supports the view that the current trend remains bullish. He remarked that the price structure that was observed back then could offer insights relevant to the current analysis, as history often rhymes even though it might not repeat itself exactly. 🎶
Bitcoin 🚀
BTC
$106 869
24h volatility:
1.8%
Market cap:
$2.12 T
Vol. 24h:
$23.06 B
alone absorbed $1.3 billion, signaling a strong rebound after minor outflows earlier in the month. Ethereum 🌀
ETH
$2 616
24h volatility:
3.9%
Market cap:
$315.84 B
Vol. 24h:
$17.88 B
wasn’t far behind, pulling in $583 million, its largest weekly haul since February.
But why stop there? Metaplanet, ever the overachiever, has now revised its Bitcoin acquisition plan, announcing a $5.4 billion fundraise last week. With this newfound wealth, the company is now eyeing the acquisition of 210,000 Bitcoin, or 1% of the total BTC supply, by the end of 2027. A lofty goal, indeed, but one that seems increasingly within reach. 🚀
Whale investors have gobbled up more than $500K worth of $SOLX tokens over the past 24 hours, taking Solaxy’s total presale raise to over $51M. Some of these include transactions worth
As Israel and Iran continue to duke it out, Bitcoin’s technical chart is sending mixed signals that could lead to a breakout in either direction. 📈📉 After a failed attempt to reclaim $110,000 earlier this week, the price has now slipped below the 21-day moving average, but still above support at the 50-day moving average. This confluence of moving averages, coupled with a clearly defined trendline resistance, has brought Bitcoin into a tightening price structure of a descending triangle pattern.
Yet, regardless of such disturbances—in the grand tradition of characters with more backbone than sense—Bitcoin seems possessed of a cheerfulness somewhat at odds with the mournful procession of history. An inquisitive soul, known to society only as Darkfost on the enigmatic X, set out to inspect this curious case, as if examining a wayward bird that insists on nesting amongst wolves.
“History repeats, but only to amuse itself,” mutters the analyst Rekt Capital (a name as subtle as a Dostoevskian villain). He charts that $2,500 has, on more than one glum evening, served in lieu of a samovar—warming hands for rallies to $4,000 in ages past. August 2021, the early months of 2024: all echoes of the dance between hope and disappointment, as familiar as the creak of ancestral boards in a Turgenev manor. Will ETH, like some sentimental hero, surmount inertia and astonish us? Or simply trip over its own ennui and tumble back down the stairs?
Based on reports, this deal is tied to TMTG’s plan to buy over $2.5 billion worth of Bitcoin. Because, you know, nothing says “legitimate investment” like throwing money at a cryptocurrency backed by a former reality TV star turned president.
In a recent post on X, the ever-so-astute crypto analyst, Titan of Crypto, has declared that BTC is following the ABCD pattern. Yes, darling, it seems our dear Bitcoin is currently nestled within a wedge formation, with aspirations to soar as high as $137,000 if it manages to break free. Quite the ambitious little creature, isn’t it? 🦋
The latest filing, a joint effort by Ripple and the SEC, requests the court to lift the injunction and release the $125 million civil penalty currently held in escrow, a veritable treasure trove of tantalizing possibilities. According to the settlement proposal, $50 million would be allocated to the SEC, while the remaining funds would be returned to Ripple, a division of spoils that seems almost… civilized.