2️⃣ But dash it all, there’s a spot of bother; the old Bitcoin network, where $BTC resides, is as sluggish as Aunt Agatha after tea, costly as new luggage, and narrower than Tuppy’s waistcoat compared to sprightlier chains like Solana. 😏
According to the Total crypto liquidation chart data, the majority of the losses came from long traders, signaling widespread panic and a sharp risk-off sentiment. The entire week was filled with liquidations, with amounts close to $23 billion collectively wiped out from October 10th to October 17th. 🧨
For the customary seer, like the Cardano chap prognosticating hordes of 500 million to a billion new souls, or the ever-dramatic Raoul Pal envisioning four billion devotees by 2030-alas, their estimates wallow in the mire of quantification! As of mid-2025, global crypto pilgrims numbered a paltry 580 to 660 million, a figure as elusive as a ghost in the moonlight. 😂
According to the ever-reliable Reuters, Laos is feeling a bit nostalgic about contributing to industries that actually-get this-contribute to economic growth. No more feeding the insatiable energy beast that is crypto mining. Instead, Laos wants to use its electricity to fuel sectors like AI, electric vehicles (because who needs a gas-guzzler?), and even metal refining. Just a little more productive, wouldn’t you say?
The 1-hour chart reveals a clear breakdown from the $112,000 level, with strong selling momentum dominating recent sessions. While a brief period of sideways consolidation has emerged near the $103,000 level, the price action remains highly reactive to sell-side pressure. 🦴💸
Uchida’s words dripped with bureaucratic caution, yet beneath the ice lay a flicker of ambition. The business climate, he claimed, is “improving”-a dubious claim if ever there was one, especially while U.S. tariffs gnaw at exports like a sly fox. 🦊
They must, with Herculean effort, reclaim the Future Trend Channel at $240, lest they be consigned to the annals of financial farce. A tall order, indeed! 🏰
Exactly one week ago, Ripple’s token-proudly crashing below the $2 threshold-became a symbol of market collapse. Bulls, in their fleeting hopes, rallied to push it above $2.60-just long enough to make fools of themselves-before the merciless bears took the stage once more, dragging XRP down to a morose $2.21, a 9% daily fall and a staggering 21% plunge for the week. The charts scream despair, and even the most optimistic analysts whisper warnings of an even deeper descent. Lark Davis, the prophet of doom, suggests XRP might tumble below $2 if it fails to close the week above $2.80, while CRYPTOWZRD ominously warns that Bitcoin’s collapse could whet the appetite of the bear parade, which now hunts at $105,000-down 5% in a single day. Meanwhile, the deluded bulls dream of gobbling up GTreasury for a billion dollars, hoping this madness will spur the token to $1,000-an epic whimsy as believable as pigs flying.
Solana is now live on the Uniswap Web App 🦄
(Yes, you read that right)
After a October that started with more turbulence than a budget airline flight, traders are now staring at Bitcoin and XRP like they’re contestants in a reality show. Who will break out first? Will it be the stoic Bitcoin or the unpredictable XRP? Place your bets, folks! 🎲