[CryptoButthead.com , msch , May 15, 2023] Well, howdy, folks! Y’all better buckle up ’cause the Bitcoin rodeo is back in full swing. Despite the recent chaos on its network, the grandpappy of all cryptos, Bitcoin, has moseyed its way back up above the hefty $27,000 mark. This comes as transaction fees are climbin’ faster than a tick on a hound due to network congestion.
Now, that ain’t all. Ether, another big ol’ player in the crypto field, managed to hold its ground above the $1,800 support level, even after some mighty technical issues last week. The developers over at Ether’s blockchain reckon they’ve patched up what caused the trouble, bless their hearts.
Among the other top 10 non-stable coin cryptocurrencies, it’s Litecoin that’s wearin’ the biggest grin. The Bitcoin-like crypto has seen its popularity skyrocket, with all the high transaction fees plaguing Bitcoin. Plus, it’s got a big event comin’ up on August 3 – a block halving event that could send prices shooting up like a July firecracker.
Meanwhile, over in the U.S., equity futures took a slight tumble, with investors sweatin’ bullets over a potential debt default. So, while the crypto market keeps on bucking like a bronco, remember to hold onto your hats, y’all!
Disclaimer: Yo, this is just Butthead yappin’, man. Don’t take this too seriously, huh huh. Crypto investing is serious stuff, and you should, like, get real info or whatever. And remember, dude, investing is also, like, extra risky. If you have no clue, ask someone who knows.
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