As a researcher studying the crypto market, I’ve observed a notable decrease in the value of the predominant cryptocurrency by market cap. Over the past week, it has dipped approximately 4%, reaching lows under $112,000 during the weekend, based on data provided by CoinDesk.
Zebec Network (ZBCN) price appears to be tracking toward its ATH of $0.0071 reached on May 30, currently trading at $0.0054 — just 25% below it. The recent price action suggests the token is currently printing another bullish leg up after recovering from a healthy pullback, which respected the ascending trendline almost perfectly. 📊 Like a toddler on a sugar rush, it’s up, up, and away! 🍬🚀
The recovery is nothing short of miraculous: the market has added a staggering $85 billion in value within just 24 hours, pushing the global capitalization to a whopping $3.6 trillion. Traders, ever the optimists, are now setting their sights on the next milestone, a cool $3.7 trillion. One can almost hear the trumpets blaring and the confetti falling from the skies.
According to the Ethiopian Tribune, the Ethiopian Electric Power has been turning a tidy profit of $55 million over 10 months—no less than 18% of its annual revenue—by channeling surplus hydroelectricity into bitcoin mining operations. This windfall is not just a feather in their cap but a golden opportunity to fund strategic infrastructure development, expand transmission lines, and fortify distribution networks. All this, while addressing the yawning gap in rural electrification, where access stood at a mere 43% in 2021, leaving approximately 60 million citizens in the dark ages, so to speak.
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Meanwhile, President Trump (that whirlwind of tariffs and tangos) rolled out new “reciprocal” tariffs, which sound more like a fancy dance move than serious policy. Just as if trade tensions weren’t spicy enough, a weak US jobs report strutted in, giving markets a little tap on the nose and causing all sorts of stumbles late last week. Oops! 😅
Bitcoin (BTC) managed a modest 1.16% climb, now trading at $114,797. A small victory, but hey, every little bit helps, right? 🎉 Ethereum (ETH) jumped 3.69%, now sitting above $3,570—because nothing says “I’m feeling lucky” like a 3.69% gain. 🎲 XRP had a mini-party, jumping 6.65% to $3.01. Who knew a coin could have such energy? 🕺
Look at this masterpiece of chaos—higher highs in price, but RSI lower than a camel’s hump. Classic bearish divergence, the kind that makes analysts sip nervously on their espresso. Remember late 2020 to mid-2021? XRP tried to dance upward, then suddenly, a 60-70% plunge. Bounce back? Sure, but the overall mood was more “doom and gloom” than a rainy Sunday. Fast forward, same setup, same ominous tune. A bounce might still poke its head out. But the long game? Looks pretty bearish unless the universe intervenes and throws a miracle my way.
Five lucky (and presumably wealthy) crew members joined our crypto astronaut on this joyride to the cosmos. Sun secured his seat the old-fashioned way – by throwing $28 million at the problem like a billionaire playing a high-stakes game of Whack-a-Mole. 💰
And these EMAs… the 100 and 200? They’re “resistance zones.” Meaning, the price will probably just hit them and then fall flat on its face. 🤦♂️ It needs to get above the 50 EMA just to “recover”? It’s a *lot* to ask of a coin that’s trading in fractions of a penny. The volume’s “neutral”? Neutral is depressing! It just means nobody really cares enough to sell off in a panic… or buy. It’s a stalemate of sadness.