The U.S. Treasury announced a new intervention to help the Argentine government rein in the dollar-peso exchange rate amid a strong demand for the greenback. Because nothing says “I care” like buying a currency that’s basically a paper airplane in a hurricane. 🏦🌪️
The esteemed analyst, Mr. James Check, did proclaim on the Sabbath that the failure of the crypto markets to recover was not owing to manipulation, nor paper Bitcoin, nor suppression, but rather to “good old-fashioned sellers.” How quaint! 🛒
With longs making up more than 70% of Binance’s XRP positions, Ripple’s price is flirting with the possibility of a big shake-up. And by “shake-up,” I mean a whole lot of people getting squeezed out of their positions. 🙄
Ethereum, that mercurial muse, faltered in its bid above $4,050, retreating like a cat from a cucumber, mirroring Bitcoin’s own sigh-of course, for what is crypto if not a tragicomic opera? 🌟 It tumbled below $4,000 and $3,800, testing even the humble $3,680, forming a low at $3,677 before staging a comeback as predictable as the plot twists in my own comedies.
Once upon a not-so-glamorous time, Bitcoin fumbled its attempt to get past $110,000 and took a nosedive back under to $108,000 and $106,500. It even had a little ‘bad moment’ dipping below $105,000. Low of $103,583, if you must know. However, it got a grip, fixed its hair, and bounced right back above the 23.6% Fib of its recent bad mood swing from $115,975 to $103,583.
According to Eleanor Terrett, co-host of Crypto in America, Cuomo dreams of transforming NYC into “the global hub of the future,” a phrase so grand it could only be uttered by one who has lost touch with the mundane. 🌍🚀 By weaving together the threads of blockchain, AI, and biotech, he aims to modernize the city’s embrace of technology. Ah, modernization! That elusive siren song that has lured many a politician to the rocks of overpromise. 🌊🎶
In a dramatic October 18 post on the X platform (formerly known as Twitter, but who’s keeping track?), Darkfost spilled the beans: short-term investors are dumping their BTC like it’s hot garbage. 🔥🗑️ Using the Net Realized Profit/Loss metric (fancy words for “how much money people are losing”), Darkfost showed that these losses rival the 2024 summer correction. Yikes! But here’s the kicker: historically, these capitulation events often precede local bottoms. So, is this the dip you’ve been waiting for, or just a trap set by the crypto gods? 🤔
On October 18th, the project announced that a security breach happened because someone gained access to an account belonging to one of their partners who helps with trading.
Bitcoin loafers, hold onto your digital socks! 😱
Asia’s the new tokenization king, apparently. Japan’s 2025 regulations? Basically a green light for Franklin Templeton to sell ETFs like hotcakes to retail investors. 🍱 Because who doesn’t love a good regulatory loophole?
