The Federal Reserve, in its infinite wisdom, cut rates, while President Trump met with Xi Jinping, yet the crypto market, like a weary ox, trudged onward in despair. 🐄 The FOMC, led by the ever-grumpy Jerome Powell, slashed rates by 25 bps, but the market, as if possessed by a demon, continued its descent. 🕯️
Oh, the crypto market! It weeps, it wails, it sells like a merchant in a famine. BTC, that once-mighty colossus, now cowers below $110k, its pride shattered. 🛑 Ethereum, too, slipped below $4k, its spirit broken. 🐍
BTC’s downfall was swift and cruel. It soared above $113k, only to be cast down by the devilish selling pressure. Now it hovers near $109k, a ghost of its former self. 🕯️ A 4% drop, as if the market were a drunkard stumbling through a snowstorm. ❄️
Ethereum, that sly fox, fell to $3,872, then rebounded, only to fall again. A dance of despair! Ripple (XRP) and Solana (SOL) followed suit, while Dogecoin (DOGE) and Cardano (ADA) wept in unison. 🐕🦺
The Fed’s Rate Cut: A Mysterious Rite That Left Markets in Perplexity 🤔
The Fed, that enigmatic priest, cut rates, but the market, like a child refusing to eat, showed no joy. Powell, that stern old man, warned of caution, while analysts muttered, “We already priced this in.” 🧙♂️
“The cut was priced in – that was very clear to me. A lot of people in my crypto chats were expecting a little bit of a bump, but the market keeps selling off. Powell’s stance came across as less dovish…”
Powell’s words, as cryptic as a riddle from a babushka. “A further reduction in December is not a foregone conclusion,” he declared, leaving traders to ponder the stars. 🌌
Michael Saylor: The Prophet of $150k BTC 📣
Michael Saylor, that bullish bard, claims BTC will reach $150k by year-end. “The SEC’s embrace of tokenized securities!” he cries, as if the market were a sleeping giant. 🐉
Yet, BTC, like a stubborn mule, refuses to rise. The October 10 crash, a tale of woe, saw billions vanish. But Saylor, ever the optimist, whispers, “It’s just a technical correction!” 🧠
“We believe this crash was due to the combination of multiple sudden technical factors. It does NOT have long-term fundamental implications.”
Trump and Xi: A Tea Party of Trade Tensions 🍵
Trump met Xi in South Korea, a diplomatic tea party, yet the market, as if cursed, continued to crumble. 🍵 “We’ll have a fantastic relationship!” Trump declared, while tariffs loomed like a storm. ⚠️
“We’ve already agreed to a lot of things, and we will agree to some more right now. I think we’re going to have a fantastic relationship for a long period of time.”
But the 100% tariffs on Chinese goods? A dragon’s roar that sent BTC plunging. 🐉
BTC’s Price Analysis: A Tragedy in Three Acts 🎭
BTC, that tragic hero, struggled to climb. It reached $116k, only to fall like Icarus. 🕯️ The Fed’s decision? A dagger to the heart. Analysts at Goldman Sachs predict more cuts, but BTC, like a jilted lover, rebels. 🤡
“Recent history has shown that the FOMC leads to a price drop in BTC, followed by a move up. This was the case in both the no rate change and rate cut scenarios…”
Options expiry looms, a storm of $17 billion. Traders, like gamblers, bet on BTC’s fate. 🎰
BTC’s journey? A rollercoaster of hope and despair. From $108k to $116k, then back to $107k. A tale of woe, yet it rises again, like a phoenix… or a fool. 🔥
ETH’s Price Analysis: A Sigh in the Shadows 🌑
Ethereum, that melancholic soul, struggles to rise. It slipped below $4k, a shadow of its former self. 🕯️ Analysts, like fortune-tellers, whisper of hope. 🌟
“Easing monetary conditions are supportive of upward price momentum for BTC so long as the macroeconomic outlook doesn’t pose severe issues unforeseen by the market.”
Long-term holders, like ancient sages, move ETH, while the Fusaka upgrade looms like a promise. 🌈
SOL’s Price Analysis: A Volatile Dance 🕺
Solana, that tempestuous maiden, lost the $200 level, only to reclaim it briefly. 🌪️ The BSOL ETF, a beacon of hope, drew $72m in volume. 📈
“BSOL has more volume on Day Two.. $72m is a huge number. Good sign.”
SOL’s journey? A zigzag of hope and despair, like a drunkard’s walk. 🕯️
TIA’s Price Analysis: A Tiny Struggle 🐞
Celestia (TIA) began the week bullish, only to fall like a leaf in autumn. 🍂 A 4% drop, a tale of woe, yet it rises again, like a stubborn ant. 🐜
ATOM’s Price Analysis: A Rocky Path 🧗♂️
Cosmos (ATOM) faced a rocky path, losing 3% on Tuesday, then recovering. 🌋 A tale of resilience, yet the market, ever fickle, remains in flux. 🌀
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2025-10-30 16:12