Crypto News

Summary

When the market took a nosedive on October 10, there was no ETF rejection, no bombshell regulation, nothing big… Just a good old-fashioned flush that made you wonder if someone was secretly pulling the strings. Very engineered vibes.

In a video, shared on the digital gallows of X, Severino laments the rarity of this “triple negative divergence.” A single divergence, he notes, is but a whisper of caution. But three? “A triple divergence is like yellow, orange, flashing red,” he warns, his voice dripping with the gravitas of a man who has stared into the abyss of candlestick charts. 📉🔥 The market, he insists, is “screaming,” yet the mob, ever greedy, marches onward, oblivious to the knife dangling above their necks. 🧑‍🤝‍🧑⚔️

The Canary Litecoin ETF, it seems, has chosen the path of least resistance, barely managing to outperform some of the more enthusiastic (and far less disappointing) crypto ETFs, such as those focusing on XRP and Solana. You know, the ones that actually have investors.

Key Points to Ponder:

After wobbling like a wobbly pudding under the $2.00 mark last week, XRP has bounced back with the resilience of Matilda outsmarting the Trunchbull. Trading volumes? Through the roof, my dear friends-$6.22 billion in 24 hours! That’s more cash than the entire stash in Fantastic Mr. Fox’s underground lair! 💰

According to some fancy analysts – probably sitting in their silk armchairs – the Bitcoin aSOPR has been peacefully loafing between converging trendlines, barely bothering to blink or raise an eyebrow. This indicator, which judges whether investors are cashing out with a smile or crying into their coffee, has been stuck for nearly two years. When the aSOPR is over 1, it’s like investors are happily selling at a profit, waving their winnings like a defeated gladiator waving a white flag. Under 1? Losses, dear friends, losses. And exactly 1? The market is just making everyone break even, which is the equivalent of applause for a mediocre play.

So, what’s the secret sauce behind XRP’s sudden burst of confidence? Let’s dig into this mystery, shall we? 🕵️‍♂️

Crypto sentiment stopped hyperventilating into a paper bag as liquidity expectations did a quick U-turn. BitMEX’s co-founder and professional fortune-teller Arthur Hayes took to X (formerly Twitter, before Elon turned it into a circus) to explain how the Fed’s latest monetary shenanigans might give Bitcoin a little nudge.

Investment eyes, once drowsy as old clocks, now blink with vigor. Vitalik Buterin, as if foreseeing a cataclysmic ballad, lamented the looming threat of quantum computing-a Wagnerian climax to today’s cryptographic sonnet.