Posts

Showing posts with the label Cryptocurrency trends

My AC Has Been Running for 11 Days Straight. I'm Scared to Open My Electric Bill.

Image
AI Image   By Gemma I haven't turned my air conditioner off since June 23rd. Not once. Not even at night when it cools down slightly. Because it doesn't cool down. Not this summer. Not on the East Coast in July 2026, where temperatures have been sitting above 95°F for nearly two weeks and the forecast shows no meaningful relief until next week at the earliest. My AC runs. My bill climbs. And somewhere in my mailbox, an envelope is waiting that I'm genuinely not ready to open. Here's what's actually happening to the US power grid right now. PJM — the largest power grid operator in the US, serving 13 states and Washington DC — declared an emergency this week. Spot wholesale electricity prices in the region surged beyond $2,500 per megawatt hour. For context, the normal price when the grid isn't in distress is about $40 per megawatt hour. That's not a typo. Prices jumped from $40 to $2,500. In a week. Power prices from New York to Virginia are surging a...

Bitcoin Tops $70,000. My Take on the Latest Price Action and Market Reality

Image
I am going to be honest with you. I have been watching Bitcoin for years. I have seen it go through ups and downs. What happened this week was something that really tested my understanding of markets. A big event happened in the world. The US and Israel conducted an operation against Iran. This made a lot of people nervous. It made the markets react quickly. Bitcoin's price went down a lot. It went from the $60,000s to as low as $63,000. This was very fast. It showed how quickly fear can spread in the markets. Bitcoins Wild Ride During the Crisis When news of the operation broke, Bitcoin traders reacted right away. They started selling their Bitcoin. This made the price go down more. I was watching my screen. I saw a lot of red. People were losing money quickly. Then something interesting happened. An hourater the news came out that Iran's leader had been killed. This made people feel a little better. They started buying Bitcoin. The price went up. It even went up to nearly $68...