qfx

This entire kerfuffle, sparked by a Trumpian tariff tantrum on China-because what’s life without a bit of geopolitical spice-sent the crypto masses into a frenzy. Investors, in a bid to save their bacon, hot-footed it to the safety of gold and U.S. Treasuries, leaving the poor little USDe to flail in the breeze. Binance, ever the seasoned chessplayer, watched as USDe did its impersonation of a sinking ship, nose-diving to 65 cents before cheerily bouncing back like a rubber ball on a hot tin roof. This ‘synthetic dollar,’ as they charmingly call it, boasts a market cap close to $14 billion-probably enough to buy a small country or at least a really fancy yacht.

While trading volumes remain as subdued as a wallflower at a ball, the number of transactions has surged with the fervor of a socialite at a free bar. In the first quarter, a mere 7 million sales were recorded, but by the third quarter, the figure had ballooned to 18.1 million-a 45% leap that has left even the most jaded observers momentarily impressed. Yet, for all this activity, actual user adoption remains as modest as a Victorian maiden’s smile. Unique wallets trading NFTs have risen, but only slightly, suggesting that the same old hands are simply shuffling more digital trinkets.

In the labyrinth of charts and lines, KNIGHT, that modern-day soothsayer, has divined a sanctuary-a verdant oasis of demand between $1.30 and $1.35. Here, the weary buyers gather, their faith unshaken, as the price retraces its steps like a penitent sinner. This, dear reader, is the bastion of support, a bulwark against the tempest of volatility. 🛡️

So, Trump decides to throw a 100% tariff on China, right? What does he expect-the prices of soy sauce to go up, or what? This little stunt set off the biggest single-day crypto liquidation in the history of everything. I mean, $19 billion wiped out in a day? Sure, just like that. Crazy, right? And yet, amidst all this chaos, the crypto market is somehow saying, “I’m good!” Major assets are rebounding off the 200 EMA like they’re doing a bad stand-up routine-trying to get the audience back on their side.
So listen up! This pullback? It’s like a clearance sale on altcoins! $HYPER, $BEST, and $RTX-these are the presales to snag for some serious 1000x potential. I’m telling you, don’t just sit there! 😂

So, while bitcoin, ether, and other major cryptos were busy taking a nosedive in a $19 billion liquidation on Friday, gold-backed digital assets were over here just sipping their iced lattes and staying calm.

Behold, the whispers of the corridors of power! Fox Business’s own Charles Gasparino, that intrepid harbinger of financial gossip, hath proclaimed that the White House doth consider a pardon for CZ. 🧐 Yes, the very same CZ who once ruled the crypto realm with an iron fist, now awaits the presidential pen’s mercy. The crypto masses hold their breath, their digital coins trembling in anticipation.

What started as a week full of promise for Bitcoin (BTC)-two shiny new high scores-ended with a dramatic nosedive. The price briefly plummeted under $110,000, with Bitstamp recording the low at $109,683 on October 10, while Coingecko reported an even scarier dip to $105,896. Some sources even whispered about a terrifying drop to $101,516 before it bounced back, probably gasping for air. 😱

In a mere 12 hours, the market decided to play a game of “let’s vanish $900 billion, shall we?” 🪄 Poof! Just like that, the capitalization went from a whopping $4.120 trillion to a measly $3.3 trillion. Months of gains? Gone. Vanished. Kaput. But fear not, dear readers, for it bounced back to $3.670 trillion by the time the ink dried on this tale. 📈✨

The Crypto Fear & Greed Index is now at 35-aka “I regret all my choices.” RSI? A measly 25.97. That’s not oversold, that’s emotionally bankrupt. Investors? Gone. Vanished. Like my chances of a decent bagel in L.A. And Bitcoin? Oh, it didn’t just dip-it faceplanted. Selling pressure? More like a flash mob of panic sellers screaming, “GET ME OUT!” 🏃‍♂️💨

Over 1.6 million traders found themselves suddenly…less wealthy, to the tune of a rather alarming $19 billion. And why? Apparently, it all stemmed from Donald Trump deciding to slap a 100% tariff on China. Honestly, the geopolitical landscape is quite exhausting, isn’t it? It’s always something.🌍