The price action-if one dares call it that-has left many holders in a deep existential crisis. When, they wonder, will the strong rebound come? Or has it already wandered off to greener pastures? Volume and price swings have become as lively as a snail on a lazy afternoon, and market sentiment is currently dripping with fear, as evidenced by the Fear & Greed Index sitting pretty at a 30. Oh, the drama.
Apparently, these orbs-which look like something straight out of a sci-fi flick 🎥-were up to no good, offering “WLD exchange services” without so much as a “by your leave” from the local authorities. Tsk tsk! The SEC chaps weren’t having it, and now some poor souls are in hot water. ☕️ “Off to the clink with you!” they cried, though we’re sure it was all very polite, being Thailand and all.
Crypto lawyer Bill Morgan (yes, someone actually is paying attention) says these tokens are cooking up a plot thicker than my mom’s meatloaf. Let’s break it down, shall we?
On October 25th, at precisely 7 AM PT, Coinbase will vanish from the digital ether for a short period of time, all in the name of a “scheduled systems upgrade.” It’s the kind of thing that sounds like they’ll be doing important technical things, but we all know it’s just an excuse to finally clean the digital coffee stains.
Well, who would’ve guessed? Trump’s pardon of Binance founder CZ has sent a ripple of euphoria through the crypto world.
$BNB rocketed up to $1,150 on the news, with Binance’s ecosystem attracting all sorts of attention and capital like a magnet in a junkyard.
Not to be left behind, meme coins such as $APE, $WIF, $BRETT, and $FARTCOIN jumped between 5-20% as traders, seemingly as fickle as ever, rotated back to meme coins.
Oh, and don’t overlook $MAXI. The meme coin, now flexing its muscles, gained 130 new buyers in the past 24 hours, taking its presale past $3.75M. Cue the hype.
The long-postponed U.S. inflation report, delayed by a trifling government shutdown, shall at last grace us with its presence today at 8:30 a.m. ET. 🕰️
A reading below 3% in the CPI-how delightful!-would persuade the Federal Reserve to lower rates, thereby invigorating the crypto markets with bullish fervor. 📊
Amidst this suspense, the humble low-cap coins $HYPER, $BEST, and $RTX emerge as the most intriguing presales for the discerning investor. 🤔
After that wild rally (thanks, whales and derivatives drama! 🐳📈), everyone’s wondering: Do you have enough juice left to hit double digits? Or are you just a one-hit wonder? 🎤✨
On the fateful day of October 23, the illustrious Donald Trump, with a flourish of his pen, bestowed a full pardon upon Changpeng “CZ” Zhao, the architect of Binance, the colossus of the cryptocurrency realm. 🚀
Well, my dear, XRP is currently prancing around $2.46, up a modest 2-3% in the last 24 hours. It’s been lounging in a descending triangle, but the latest candles suggest a flirtation with bullishness. Buyers have swooped in near the $2.30-$2.35 support zone, forming what could be a delightful little bottom. The RSI, sitting at 43, leaves plenty of room for upward shenanigans. A breakout above $2.60-$2.70, and we might see XRP waltzing toward $3.00, closing the gap on BNB’s market cap with a wink and a smile. 💃
In a chat with crypto guru Anthony Pompliano (aka @APompliano, the man who turns jargon into gold), Lee dropped this bombshell: There will be 50% drawdowns.
🥊 Ouch. And why? Because Bitcoin’s still got the emotional range of a teenager-reacting to market moves like it’s drama central. 🎭
