Cryptonews

According to the ever-vigilant BeInCrypto data, XRP leapt more than 4% in the past 24 hours, settling at a regal $2.38, rising from a measly $2.25 low on October 17. And for those keeping track, that was its most pathetic price point since the summer, when the birds were chirping and prices were soaring-sort of.

According to the sharp-eyed folks over at XRPScan (they don’t miss a trick, those lot), XRP’s “burn rate”-that’s the amount of XRP getting torched as transaction fees-plummeted from a chubby 616 XRP on October 17th to a measly 178 XRP on October 18th. That’s a drop of a whopping 71.26%! Talk about going cold turkey on burning, eh?

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Last Friday, the market trembled like a leaf in a storm, and this Friday, it continues its dance with the abyss. Behold the chart, a grim mural of despair, where BTC’s price wavers like a drunkard’s step. 🌊

October started as a farce and turned into a tragedy. Bitcoin, that digital Prometheus, soared to $126,000, only to be cast down by the gods of liquidity and leverage. Glassnode, those modern-day soothsayers, noted that Bitcoin “broke through the $114k-$117k supply zone,” a triumph as fleeting as a Russian summer. ☀️❄️

The Bitcoin exodus amounted to a rather regrettable $366.59 million. BlackRock’s IBIT, predictably, bore the brunt of it at a dizzying $268.61 million. One wonders if their analysts are currently being subjected to a bracing lecture. Fidelity’s FBTC and Grayscale’s GBTC also contributed to the melancholy, shedding $67.37 million and $25.04 million respectively. Valkyrie BRRR, bless their modest hearts, managed only a paltry $5.57 million. Not a single ETF showed an inclination to gain anything. The trading volume, however, reached a somewhat frantic $8.20 billion, suggesting a considerable amount of panicked activity. Total assets are, at $143.93 billion, a perfectly respectable 6.75% of the Bitcoin market cap – though whether that’s cause for celebration or lament is a matter for philosophers. 🤔

Lordy, that 20% drop was a sight to behold! Plummeted like a rock, it did. But then ZEC found itself restin’ right on top of some fancy Fibonacci support at $201.68. The RSI, that fella, dipped all the way down to 37, which means it was cheaper’n a used mule. But wouldn’t you know it, folks started pickin’ it up ’round the 38.2% retracement (fancy talk for a good buyin’ opportunity), sendin’ ZEC climbin’ a respectable 7.16% in just one day! Now it’s holdin’ steady around $216.15, with a market cap of $3.52 billion. It’s like watchin’ a cat with nine lives, I tell ya. 😹

The whisper of another Fed rate cut floated across like a prevailing wind, painting broad strokes of opportunity on the canvas of market uncertainty. Three altcoins, quietly cradled in the arms of these giants, were seeing an influx-a sort of secret meeting, if rumors of whispers were to be believed.

Apparently, some very important people (we’re talking ‘large holders’, naturally) decided to offload $74 million worth of the stuff. Probably to fund their collection of vintage rubber ducks. A perfectly reasonable investment, one might argue. And all this happened while everyone was busy panicking about tariffs. Honestly, it’s like the world is actively trying to make less sense.

Well, another day, another billion-dollar mint of USDT on the Ethereum network. $991.9 million, to be precise. As if printing money solves anything, doesn\’t it? 🧐 Analyst Maartunn, a fellow observer of this curious spectacle, informs us this occurs while both Ethereum and Bitcoin are… well, let\’s just say politely, experiencing a bit of a wobble.