Cryptonews

Speculation, that great and often misguided muse, continues to swirl around a potential 2x leveraged BONK ETF from Tuttle Capital. Meanwhile, the broader optimism surrounding Solana’s newly launched ETF has acted as a catalyst, driving capital into the ecosystem. Yet, BONK’s momentum is not merely a product of market gossip; its ecosystem is rapidly fortifying its foundations, a testament to the resilience of the human spirit, or at least the spirit of crypto enthusiasts.

BNB is trading at $659.61, down just 0.5% for the day. Buyers are stepping in like clockwork around $659.45, while sellers are playing the role of the strict bouncer, not letting anyone past $664.38. If the macroeconomic winds change, this could be the launchpad for a breakout. Or not. Who knows? 🤷‍♀️

showed significant bullish momentum during a recent 24-hour period from 6 July 15:00 to 7 July 14:00, climbing from $4.05 to $4.10 with strong buyer support at key levels.

With the dawn of this week, behold! Bitcoin has shamelessly reclaimed the $109,000 mark, gingerly inching toward horizons unexplored. The vital on-chain data presents itself as a veritable oracle, hinting that our dear blockchain is, in fact, embarking upon a new chapter—one that defies the mundane rhythm of market behavior.

Oh, to be an XRP candlestick on the 1-hour chart—forever oscillating in a sideways flirtation (with just a hint of bullish intent), teasing support at $2.26 while batting its lashes at $2.40 resistance. 🎩 After a petite leap from $2.26, the price is clearly torn between meaningful advancement and indecisive dithering, rather like a debutante unsure whether to accept the next dance. A failed advance to $2.35 faced resistance from a corps of sellers who, presumably, prefer gin and regret. Diminishing volume whispers that a breakout may be imminent—or perhaps we’re simply waiting for someone to spike the punch. For the brave, a buy near $2.26 with a stop-loss at $2.24, and dreams of profit at $2.40, stretching deliriously to $2.50 if the bullish music continues.

If you’re here for soothing reassurances, keep scrolling. If you’re here to watch a bunch of analysts sweating over Bitcoin like it’s a Bake Off finale and they’ve just dropped their meringue, sit tight. Apparently, Bitcoin’s next big move is just around the corner—closer than your last dodgy Tinder date. Analysts are getting bullish. Or, as my therapist would say, “projecting hope onto a volatile, unknowable future.” 🙃

Look at Bitcoin—a grizzled old miner, grinning with a gap-toothed smile—staggering past $109K. The last time it approached its all-time high of $111,970, telegrams were delivered by horse and memes were painted on sheets. Yet, here it is, stumbling toward a new record. Altcoins, never ones to miss a free feast, have joined the riot: Bonk, a pup of a coin, howled to $0.00002320 in a single day, while Floki leapt up by 10%—because what is economics if not a dog race under the moon?

Betting houses such as Polymarket now calculate the odds of a spot XRP ETF being granted benediction by July 31 to be a paltry 7%. At the dawn of the month, hopefuls still sipped their kvass with a 32% measure of optimism; and in April—imagine, just months ago!—there was talk in the bathhouses of a 50% chance. Hope, as ever, prefers to torment.

The estimable Onur Erdogan—no relation, unless family reunions are measured in carats—spills the beans (or perhaps the gold nuggets) in Türkiye Today. His figures, straight from the bowels of central bank estimates, reveal a clandestine trove of bullion so immense that the Bank’s meagre $86.54 billion in official reserves and Turkish banks’ $46.26 billion in gold deposits must feel like copper coins at a sultan’s wedding.

What was once a river of fees has, according to the implacable tallymen of the blockchain, become a genteel trickle. Each day brings a more dismal sum, revealing the gradual atrophy of this Solana-fuelled house of cards. Oh, how the mighty have withered!