Market capitalization swelled by $30 billion over the past week, positioning XRP as the third-largest cryptocurrency. Trading volume also saw a notable spike, hitting 9.44 billion, a sign that large players may be behind the current momentum rather than retail speculation.
The sudden surge in Bitcoin’s value caught many short sellers off guard, but none more dramatically than this particular whale. His aggressive, leveraged bets on BTC, Ethereum (ETH), and the whimsically named Fartcoin (FARTCOIN) crumbled like a house of cards, leaving him to ponder the futility of his endeavors. 🤦♂️😂
Grayscale, the big fish in the crypto pond, announced that it had submitted a confidential draft registration statement on Form S-1 to the SEC. That’s right, the SEC. The gatekeepers of the American stock market are about to get a good look at Grayscale’s proposal, though they’re not saying much yet. It’s all hush-hush—just a little game of ‘we’ll tell you when we’re good and ready.’
In a move that could only be described as a testament to his unwavering faith in the digital currency, Strategy has acquired 4,225 Bitcoins, a sum worth nearly half a billion US dollars – approximately $472.5 million at $111,827 per BTC. This latest acquisition has swelled the company’s Bitcoin holdings to a staggering 601,550 BTC, valued at $73,243,825,675 at the current BTC/USD exchange rate. 🤑
SharpLink Gaming, with its board led by Ethereum co-founder Joseph Lubin, has been all-in on ETH since late May. This latest investment has pushed their total stash of Ether to a jaw-dropping 198,300 ETH. That’s roughly $608 million, give or take a few bucks (depending on the market, of course). 💸
The cryptocurrency market is once again on the brink of a historic milestone. With the total market capitalization edging closer to $4 trillion, the bullish momentum is palpable across the digital landscape. 🌐📈
As if the street corners of cyberspace were paved with golden blocks, the market charms us with a nifty 3.6% uptick to a dazzling $3.8 trillion—enough to make even Scrooge McDuck consider a swim! Anyone care for a dip? 🏊♂️💸
Now, this whole “holding time” thing is more than just a random stat. It tells you a lot about market behavior. When this number goes up, it means people aren’t selling their SHIB. In fact, they’re probably sitting there, staring at their coins like they’re waiting for them to magically turn into gold. Maybe they’re hoping for a price hike or just for Shiba Inu to suddenly become the next big thing in the crypto world. 🤑
