On Tuesday, the U.S. Treasury’s Office of Foreign Assets Control (OFAC) unveiled its latest move: designating eight individuals and two entities for their role in processing funds from cybercrime and dubious IT ventures. One imagines the North Korean banks involved were simply “helping out” their neighbors, not quietly managing $5.3 million in crypto through the “First Credit Bank.” How quaint. 🏦
Litecoin lingers at $87.10, a 1.11% bloom in its bouquet today, despite a week that saw it shed 11.09% of its value like a snake molting its skin. 🐍💸 Market cap: $6.66 billion (how delightfully infernal!). Trading volume: $1.03 billion, down 5.01%-a slight thaw in the arctic frenzy. Yet, behold! The $85 level held firm, a digital Maginot Line, as sellers prodded it to a 24-hour nadir of $80.10, only for buyers to swoop in like caffeinated knights, thrusting the price toward $88.82. A tale of resilience? Or a prelude to tragedy? 🤷♂️
In the grand theater of the market, where uncertainty takes on the role of the villain and investor hesitation stars as the subdued protagonist, the ongoing decline has shamelessly whisked away a significant portion of recent gains. Both external conditions and internal sentiment are conspiring in this downward waltz.
One observes, with a detached amusement, that the Nasdaq is rather more buoyant than Mr. Saylor’s little hobby. A pity, really. But then, rational investment was never the point, was it?
So, XRP’s stuck in a bearish zone, trading below $2.50. It’s not alone, though – Bitcoin and Ethereum are dragging their feet right alongside it. XRP took another nosedive below $2.350 and $2.30. Because why not?
If demand doesn’t return faster than a cat dodging a bath, $3.3K-$3.35K will become as realistic as a politician’s promises.
This little venture comes hot on the heels of IBIT’s U.S. success, where it amassed a staggering $98 billion in assets and generated $240 million in fees-because Wall Street loves a good cash cow. Clearly, BlackRock sees Bitcoin as the new black in institutional portfolios. How très chic.
Crypto’s liquidation feast exceeds $1.3 billion on Nov. 4, 2025. | Source: Coinglass
