Crypto’s Tragicomic Plunge: Fear, Fools, and FOMC Follies

Bitcoin (BTC), the crowned prince of this digital realm, suffered a most undignified fall of 3.5%, tumbling to $65,900 before clawing its way back above $66,700. Ethereum (ETH), that fair maiden of smart contracts, lost her $2,000 support level, while XRP, BNB, Solana, and Dogecoin followed suit, their losses a tragicomic parade of 1% to 4%. And let us not forget the true laggards of this farce: Provenance Blockchain (HASH), Zcash (ZEC), and Memecore (M), whose misfortunes are as laughable as they are pitiable.

Whales Gobbling Bitcoin: A Market Tale of Panic and Peculiarities!

Our good friends at Darkfost have been dabbling in some on-chain analysis-engaging in that delightful pastime of digging through data like a raccoon rummaging through a trash can. They’ve discovered that while the big fish, or whales as they call them, are sending more Bitcoin to exchanges (a sure sign they might be ready to unload), the total supply held by these aquatic giants has been swimming upstream instead of downstream. Quite the conundrum, wouldn’t you say?