Cryptonews

Underneath that playful jibe, the real story is more sobering-Polymarket’s data suggests the near-term gamble isn’t quite as charming as an afternoon at the Ritz. Oh no, a 52% chance Bitcoin might tumble below $100K this very month-who knew the crypto world could be so dramatic? Our dear Ted Pillow has already declared that Bitcoin has famously lost its cozy $108,000 support, leaving just a thin thread between reinvigoration at $110K or sliding further into chaos. One wonders if we’ll see a bounce or simply more tears and tedium! 💔

Yet, lo! CryptoWzrd doth not stop there. With a dramatic gesture, he points out that both Chainlink and LINKBTC have ended their day with candles of bearish hue, a sign, perchance, of short-term frailty. This downward spiral, he notes, follows a period of consolidation, as traders, like greedy courtiers, take their profits after recent gains. “Fear not,” he reassures, “the market, like a fickle mistress, still holds promise of recovery.” 😏💔

Well, this buyback might just sprinkle some fairy dust on wary traders, prompting them to open their piggy banks and engage in a buying frenzy. One can only dream of a tantalizing reversal! 🐷💰

The optimism surrounding Bitcoin is catching like wildfire! Investors are beginning to see it as the fortifying bulwark against the relentless gnashing teeth of inflation and the devaluation of fiat currencies. On October 16, the ever-eloquent Ricardo Salinas Pliego, chairman of Grupo Salinas (and, might I add, a self-proclaimed ‘gold bug’ turned crypto crusader), took to the social media stage to declare Bitcoin’s imminent rise. Honestly, the way he speaks, you’d think he found the Holy Grail of finance tucked behind his couch. 🏆

Behold, the noble Dogwifhat, a creature of both whimsy and resilience, treads steadily after the tempest of volatility. Its price, like a weary traveler, finds solace near the $0.50 mark on the Binance Smart Chain (BNB), having retreated from the lofty $0.80. The 4-hour WIF/WBNB chart, a canvas of human greed and hope, reveals buyers outpacing sellers-a quiet rebellion of retail souls. 🛒📈

The bears, ever the party poopers, crashed the $0.00001 support during the Oct. 10 flash crash. 🐺 The result? SHIB’s price dived to a yearly low of $0.0000085, proving that even crypto can’t escape the laws of gravity. 🚀

He throws out the question: “How can you be so sure you won’t get charged by the DOJ as a money service business just for building some non-custodial protocol?” Because apparently, in the DOJ’s mind, if it’s decentralized and you didn’t hold their hand, it’s probably a crime. Genius, huh? 🤡

Behold, the latest chart from Into The Cryptoverse, a beacon of false hope, declares Avalanche’s short-term bubble risk indicator has turned neutral. Neutral, they say! As if neutrality were a virtue in this chaotic realm. This “cooling off” from overheated levels is but a temporary reprieve, a cruel joke played by the market upon the unsuspecting. Historically, such resets have lured long-term investors into the abyss, promising “attractive re-entry zones” only to dash their dreams upon the rocks of volatility. The indicator, dipping below the 1.0 threshold, whispers of stability, yet we know better-it is but the calm before the storm. 🌋

According to Bloomberg (yes, the financial oracle), this savvy pivot is a way for these companies to not only weather the crypto market’s inevitable volatility but also position themselves as early adopters in the next wave of technological disruption. So, without further ado, let’s meet the brave souls leading this bold new charge:

Ethereum (ETH), that brooding poet of the blockchain, has mustered a 3.49% rise in 24 hours-a fleeting triumph, or merely a gasp before the plunge?