BlockFi-ling For Bankruptcy

BlockFi ($BLOCKFI.P) is filing for bankruptcy today, says the crypto news site Decrypt citing their source. 

BlockFi is another one of the many entities to collapse following FTX’s fall. But BlockFi had an ugly 2022 even before Luna’s ($LUNC.X) or FTX’s death. ‘

In February 2022, BlockFi settled with the SEC and 32 States over its crypto lending business and paid an industry record of $100 million.

A different kind of contagion followed that fallout, with other crypto lenders and crypto earners like Nexo ($NEXO.X) suspending all rewards and interest for U.S. customers. 😥

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Technically Speaking – March 5, 2024

Well, like I said, this isn’t a fun Litepaper. Instead of finding wen-Moon or wen-Lambo, we will be looking for wen-bottom. 💔

I’ll keep it short and sweet, quickly identifying where analysts and traders see strong support levels ahead.

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Bitcoin Hits New All-Time High Then Someone Punched It In The Face

I’m a crypto fanatic. I am constantly observing and looking at what’s going on, and like many of you, the past couple of days, I’ve been glued to my screen or phone waiting for the news when Bitcoin hit a new all-time high. 👀

And now I need your help. Because I need someone to figure out the odds of someone like me, MISSING THE GODDAMN EVENT BECAUSE OF A DR’S APPOINTMENT.

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Seriously, SHIB People, Are You Ok?

Look at the 1-minute chart below from yesterday’s intraday price action on $SHIB. 🤯

It was one of the craziest swings of all the major market cap memecoins by far, just an insane move. And how did the Stocktwits SHIB stream react? Like you’d expect any high class degen to react: Unf*cking fazed.

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