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Market Buzz 📅 May/19 Your Monday dose of what's hot, moving, or just plain weird in the BTC x ETH markets. Let's dive in 👇 Quick Bits 🦡 • Moody's downgraded US credit rating from AAA to Aa1 on Friday, triggering broad market volatility, including crypto • BTC peaked above $106K before retreating to $103K level as investors react to the Moody's downgrade • Over $600M in crypto positions liquidated in 24 hours ($460M longs/$220M shorts) • Ethereum struggling at $2,400 after failing to hold $2,700, now testing critical support • Whale activity shows increasing ETH accumulation despite price drop, signaling long-term confidence • ETH/BTC ratio currently at 0.0233, down 3.7% in the past 24 hours • BTC's 200-week moving average now exceeds $47K, potentially indicating an early-stage bull cycle 📈 Prices & Trends • Bitcoin: $103,199 (-2.8%) • Ethereum: $2,392 (-1.5%) • ETH/BTC ratio: 0.0233 (-3.7%) Reply with your liquidation horror stories if you got caught in the weekend chaos
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"BTC aligns with internet principles." The path to freedom is lit by Bitcoin Jack Dorsey gets it ⤵️
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Saturday forecast: 🟣 Minting eBTC 🌿 Touching grass 🦡 Keep BUIDLing
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Steak 'n Shake now accepts Bitcoin at all locations. This is what mainstream adoption looks like.
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Badger season incoming 👀
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