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Just caught up on some interesting moves in the market this morning. SHIB's been trying to reclaim that $0.0000006 level again - currently sitting around where it needs to be to hold onto a $3.5B market cap. If it can push just a bit higher, stays in the top 30. Not the worst performance given where we've been.
Also saw that Forbes dropped their Rich List and Jed McCaleb net worth caught my attention - the guy's sitting at $3.9B now. Pretty wild considering his Jed McCaleb net worth basically came from early XRP holdings when Ripple kicked off. Apparently he's been selling those tokens over the years and even donated a chunk to charity. His co-founder Chris Larsen's doing even better at $12.3B. When you think about early crypto builders, their wealth accumulation tells you something about how early they were in this space.
On the mining side, MARA just moved 298 BTC to a market maker - they announced a new policy where they'll periodically sell some holdings to cover operational costs. Makes sense when mining costs are sitting around $70K per coin. The most efficient operations can get down to $45K depending on electricity and hardware, but for most players it's tight margins right now.
Markets are basically on pause waiting for CPI data today. Below 2.4% inflation and we could see Bitcoin push toward $80K - above 2.6% and we're looking at support around $64-66K. Probably going to see some chop before the Fed decision on March 19, but honestly the range-bound crab market feels right for now until we get clearer signals.