Cryptonews

Imagine, if you will, Shiba Inu rising from the depths-a mere $0.000008 on November 23-a veritable pauper among digital princes-yet Tuesday saw it stretching its paws to reach $0.0000089. Now, at the time of writing, it still clings to some of its gains, up a modest 4.18%, lingering at $0.0000085. Dare we hope? Or is this merely the trick of the sunlight, mirroring a market gripped by the “extreme fear” that so perfectly suits last week’s sell-off? The future remains as foggy as a winter morning, and the golden cross, some say, is but an old prophet-lagging behind, watching oversold or overbought signals, perhaps chuckling at traders’ impatience.

At present, Strategy proudly holds 649,870 BTC, making it the world’s largest corporate Bitcoin hoard (yay for them!). Their average cost per coin? A cool $74,430. With Bitcoin hovering around $86,900, they’re still ahead-just. But here’s the kicker: averages, my friend, are deceiving little creatures.

Mark yer calendars, folks, ’cause on Dec. 3, Ethereum’s Fusaka hardfork (that’s Fulu-Osaka for them fancy types) is gonna kick the blob space bottleneck right in the britches. Anthony Sassano, the cryptocurrency sage with a Twitter account, reckons this is just what Ethereum (ETH) needs, ’cause it’s bustin’ at the seams like a Thanksgiving turkey after dessert. 🦃🍰

Among the top 15 memecoins, only three-SPX, FART, and B-are showing simultaneous positive gains in both the weekly and intraday timeframes. And here we are, with SPX/USD outshining them all, posting a 20% intraday and an impressive 18% weekly growth, while others are barely scraping a small upside on weekly charts. It’s like watching an underdog rise from obscurity, but this time, it’s a memecoin, and no one really knows why anyone would bet on it. But people are, and it’s all too fascinating to ignore.

A Santiment analyst, on Wednesday, declared over tea that social media was as bearish as a drowned bear in a hailstorm, with various folks declaring it a bear market open house. But, as old Granny Pratchett would say, markets tend to dance to their own waltz tunes-often spinning the opposite way of what everyone screams from the rooftops.

November, the reigning champion, boasts an impressive 40.82% average return according to CoinGlass – yet October, that snide little month, closed with a 3.69% decline, defying the seasonal prophecy. Is the calendar lying, or are we all just characters in a tragic comedy? 🎭

In the deceitful theater of the globe, the so-called champion, Vitalik Buterin, brought his sagacity to bear upon the baffling theater of MAGA masquerade, where digital phantoms conspire behind the grand façade of virtual avatars.

Once clarity provides a guiding torch in the regulatory shadows, a brighter horizon awaits. DeFi-a charming wisp of peer-to-peer charm pirouetting on the blockchain floor-could waltz gracefully to a realm of half-adoption, per Nazarov’s musings. He echoes the thoughts of other industry bardmasters, like Michael Egorov of Curve Finance, who stride down halls echoing with skepticism regarding known faces and necessary red tape such as KYC and AML mandates. “Such things that haunt our thoughts,” adds Egorov, looking towards a habitat of liquidity and unclouded transparency.

In an interview with Phil Rosen, the ever-curious journalist, Green reveals, with a tone almost of exasperation, that “the most important thing to understand is that Bitcoin has marketed itself as multiple different things to try to appeal to investors at various points in time.” Alas, the original dream of Bitcoin has slipped through the cracks like sand through the fingers of a medieval peasant. According to Green, under the sacred Satoshi white paper, BTC was supposed to be “a peer-to-peer payment system” – one that would set us free from the clutches of the banking establishment. “By moving to a distributed ledger and a peer-to-peer system,” Green says, “we’d get banks out of the system!” Oh, how sweet the thought of it all!

The Bitcoin, a tragic hero, clings to the $83,500 level, its resolve tested by the tempest of volatility. It has carved a base, a fleeting sanctuary, and now dares to rise above the $85,500 resistance, as if defying the very laws of economics.