- Jungle Tales
- Posts
- Is a Shift Underway?
Greetings Crypto Explorers! 🌴🦜
Bitcoin's roaring above $59K has shaken the crypto jungle, sparked by soft US inflation data and hopes for a Fed rate cut. This week's issue also covers Ethereum ETF updates, Paxos' SEC investigation conclusion, and Trump's appearance at the Nashville Bitcoin conference.
As always… Stay Wild! 🌿🦁🚀
🦍 The Big Jungle Roar
This week's monumental event that shook the crypto-jungle. Roar with us!
Bitcoin briefly swung above $59K after some chill inflation news from the US. CPI data came in soft, sparking hopes for a Fed rate cut by September. The probability of a 25 bps rate cut is now close to 90%! 🚀
BTC faced some sell pressure around its 200DMA at $59K. Analysts believe the recent dip to $53K was just temporary, mainly due to sell-offs by the German government, miners, and Mt Gox creditors. 📉
With macro trends turning bullish and a potential pro-crypto Trump presidency on the horizon (he’s speaking at the Nashville Bitcoin conference! 🇺🇸), Bitcoin could be setting up for a wild ride towards $100K later this year. 🌟
📈 News about Bitcoin:
🦁 King of the Crypto Jungle
Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!
🐒 Meme Monkeys
Hopping onto the funniest and savviest crypto memes that swung through the jungle this week
🦜 Jungle Mystery of the Week
Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)
In the depths of the crypto jungle, there's a hidden force that silently dictates the ebb and flow of market tides. This elusive phenomenon isn't a new coin or a sudden tweet but something far more profound. It can create ripples that affect everything from Bitcoin's highs to altcoin's lows. Traders often keep a close eye on this factor, as it can influence borrowing costs and investment decisions. What is this mysterious force that holds such power over the crypto world?
🦩 Tweets from the Jungle
Check out these wild crypto tweets that have made it to the jungle!
Over the last few days:
- Soft inflation print
- ETH ETF S-1 filings
- CFTC says 70-80% of crypto assets are non-securities
- Goldman to launch 3 tokenization projects by EOY
- JPMorgan bullish on crypto in August
- Trump to speak at Bitcoin conferenceVibes shifting
— Will (@WClementeIII)
2:10 PM • Jul 11, 2024
It’s darkest before dawn
- Election
- $16B in FTX payments
- BTC ETH SOL ETF’s
- rate cuts
- halvingIt may not seem like it now but in hindsight it will be.
We are in the process of a mid cycle shake out and putting in a mid cycle bottom
— Johnny (@CryptoGodJohn)
1:00 PM • Jul 11, 2024
🐊 Crypto Swamp Watch
Bitcoin (BTC) - $58,499.40 (3.37%)
Ethereum (ETH) - $3,151.23 (5.49%)
Top Gainer: NotCoin (+47.45%)
Top Loser: dogwifhat (-16.99%)
Snapshot taken on the 12th of July, around 12:47pm, Jungle time.
🍍 Jungle Poll Parrot
Join our parrot's poll! This week's squawk…
What's your take on Bitcoin's next move? |
🐯 Jungle Snapshots
Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!
On a small trip 🏝️
👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:
In the heart of the crypto jungle, fellow degens, remember the value of patience and resilience. The wild swings of the market can be as unpredictable as a jungle storm, but those who remain composed will find their way through. When FOMO whispers in your ear or FUD clouds your vision, take a moment to step back and reassess. Research diligently, trust your instincts, and avoid the temptation of quick gains. Let your strategy be your guide and your knowledge be your armor. The jungle rewards those who stay vigilant and informed. Keep your eyes on the prize and your feet firmly on the ground.
Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on Twitter X.
Until next time, keep exploring the wild world of crypto!
Pura Vida,
Jungle Degen
JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!ed