Market Analysis
Bitcoin records first red October in seven years
Bitcoin experienced its first negative October performance since 2018, closing the month lower after an early peak above $126,000. The decline was driven by increased selling from long-term holders and reduced buying pressure from U.S. investors. This break from historical patterns highlights vulnerabilities in the market amid profit-taking and macroeconomic strains.
DeepSnitch AI raises over $435K in presale stage two
DeepSnitch AI, an AI-driven crypto analytics project, has raised more than $435,000 in the second stage of its presale. Analysts predict this token could deliver 100x returns due to its utility in trading insights. Meanwhile, experts like Tom Lee foresee Ethereum potentially surpassing Bitcoin through tokenization advancements.
XRP price slides back into bearish territory after recovery attempt
The XRP cryptocurrency has reversed course, entering bearish territory following an earlier recovery signal. This movement has erased most recent gains, with the price potentially heading toward $1 in the next 24 hours due to a rapid retrace.
Perplexity AI predicts cryptocurrency price surges by 2025
Perplexity AI, a competitor to ChatGPT, has forecasted significant price increases for several cryptocurrencies by the end of 2025. The predictions come amid a market downturn following the end of the October rally known as 'Uptober'. This follows President Donald Trump's announcement of 100% tariffs.