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Wild Bitcoin Rally: Fed and China Fuel Surge
Q4 Rally Predictions: Bitcoin to Hit New Highs?
Jungle Degen
September 27, 2024
Greetings Crypto Explorers! 🌴🦜
Welcome to another thrilling edition of Jungle Tales, where the wild world of crypto meets the untamed spirit of the jungle! This week, the big roar is all about Bitcoin's monumental surge past $65K, driven by the Fed's rate cut and China's stimulus plans—could new all-time highs be on the horizon? We also dive into the buzz around stablecoins, Wall Street's latest blockchain moves, and some hilarious meme monkeys swinging through the jungle.
As always… Stay Wild! 🌿🦁🚀
🦍 The Big Jungle Roar
This week's monumental event that shook the crypto-jungle. Roar with us!
Bitcoin has surged past $65K, breaking its downtrend thanks to the Fed's rate cut and China's stimulus plans. Markus Thielen from 10X Research thinks we could see BTC hit $70K soon, maybe even new all-time highs 📈💥.
Stablecoins are making waves too, with nearly $10B minted after the Fed hinted at easing in September. Circle's USDC is leading the charge, hinting at a rise in DeFi activity 🦁🪙.
China's mining pools are responsible for 55% of new BTC, and their recent stimulus could push even more capital into crypto 🌏🔋.
Get ready for a wild Q4 rally! Gains might be front-loaded, so hold onto your seats 🐒🔥. Bitcoin's up 2.3% in the last 24 hours and 12% this month, now at $66.3K, its strongest since July 🐾🍌.
📈 News about the current price action:
🦁 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 👀)
Deep within the heart of the crypto jungle, there exists a mythical creature known for its immense strength and unwavering resolve. This powerful beast is known to charge fearlessly through market fluctuations, leaving a trail of green candles in its wake. Legend has it that when this creature roars, traders everywhere feel a surge of optimism and renewed confidence. With its horns pointed skyward, it symbolizes a market on the rise. Can you identify this formidable force that embodies the spirit of upward momentum in the crypto world?
🦩 Tweets from the Jungle
Check out these wild crypto tweets that have made it to the jungle!
672 days have passed since the Nov 2022 bottom.
The past two bull market cycles from trough to peak lasted for +1050 days, with the final 365 days seeing the greatest gains.
The current 672-day trough-to-peak performance sits right in the middle of past cycles.
Will it repeat?
— K33 Research (@K33Research)
4:51 PM • Sep 22, 2024
China just started printing.
U.S. starts printing soon.
We all know what comes next...
BIGGEST.
BULL.
RUN.
EVER.— Lady of Crypto (@LadyofCrypto1)
11:40 AM • Sep 24, 2024
🐊 Crypto Swamp Watch
Bitcoin (BTC) - $65,797.28 (4.44%)
Ethereum (ETH) - $2,702.44 (6.09%)
Top Gainer: Shiba Inu (+43.36%)
Top Loser: Monero (-7.97%)
Snapshot taken on the 27th of September, around 1:39pm, Jungle time.
🍍 Jungle Poll Parrot
Join our parrot's poll! This week's squawk…
What’s your vibe on Bitcoin’s next move after breaking $65K? |
🐯 Jungle Snapshots
Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!
The taxi. A sign?
👋 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 chaotic whirlwind of the crypto jungle, peace is the rarest of treasures. It's not found in the highs of a bull run or the lows of a market crash, but in the calmness you cultivate within. True peace comes from understanding that markets will rise and fall, but your well-researched strategy and disciplined approach remain steadfast. Amidst the noise and frenzy, take moments to step back, breathe deeply, and focus on your long-term vision. In this way, you can navigate the wild terrain with a clear mind and a steady heart, finding tranquility in the journey rather than just the destination.
Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on TwitterX.
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!