As Bitcoin struggles to find its footing, there’s an amusing spectacle unfolding in the crypto markets. On one hand, we have the whales-those fat cats of the sea-who are scrambling to offload their precious BTC. It’s as if they’re tossing their golden coins overboard and hoping for the best. And who could blame them? With the price plummeting, it’s either sell or go down with the ship. ⛴️🐋
ETH plummeted to $3,055, wiping out a cool $1.3 billion in long liquidations – talk about a clean slate! 💥💸
According to Vet, an XRP Ledger (XRPL) dUNL validator, the recent price drop in XRP should not be viewed in isolation. On Tuesday, November 4, he took to X social media to highlight that cryptocurrencies are currently facing a downturn. “Everything is red, not just XRP,” Vet said, stressing that XRP’s price crash is a broader reflection of ongoing turmoil within the crypto market. 📉🧠
According to data provided by on-chain tracking platform Whale Insider, BlackRock transferred a massive 34,777 ETH worth over $114.97 million into Coinbase, a leading U.S. crypto exchange. Because nothing says “I trust you” like sending your crypto to an exchange that’s basically the crypto version of a crowded bus stop. 🚇
Sal Gilbertie, the solemn oracle of Teucrium ETFs, announced that late November shall be a “key moment” for XRP. One might think he were describing the arrival of spring in Siberia – but no, it’s merely the debut of the Canary XRP ETF on November 13, that great monument to human hope and spreadsheets.
Former BitMEX CEO Arthur Hayes is cautioning crypto investors, warning against confusing current weakness in the market with the cycle peak. The analyst is arguing that the price of Bitcoin is now largely due to the liquidity of the dollar, rather than the four-year halving cycle. Therefore, he advises traders to husband capital in this volatile period. 🚨
After a triumphant march earlier this year, our dear ETH now finds herself at the crossroads of technical destiny. The charts, those cryptic scrolls of the modern age, whisper of key levels and accumulation zones. 🧙♂️📈
Behold, the CoinDesk 20, currently lounging at 3241.28, up a whopping 4.3% (+133.71) since 4 p.m. ET on Tuesday. 🕒 That’s right, folks, it’s climbing faster than a hitchhiker trying to flag down the Heart of Gold.
But the real question is, what triggered this surprise comeback? Turns out, it’s all thanks to Bitcoin’s growing institutional adoption and, of course, everyone’s suddenly needing more privacy. Who knew? 💁♀️
Gold and silver-the OG safe havens-are flexing harder than a yoga instructor on Instagram. Prices? Through the roof. Why? Global chaos, central banks hoarding like it’s the apocalypse, and inflation breathing down our necks. Silver’s not just playing second fiddle either; it’s strutting its stuff as industrial demand and investors go, “Yeah, I’ll take some of that.” 💃
