Market Analysis
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.
Chainlink's LINK token rises 3% on whale accumulation
Chainlink's native token LINK climbed 3% to $18.80 amid whale accumulation following the October crypto crash. Large holders withdrew nearly 10 million tokens from Binance, worth about $188 million. The price breakout above key resistance signals potential upside, though subdued volume calls for caution.
Crypto pundit forecasts XRP supply squeeze in 2025
Crypto commentator Zach Rector stated during a livestream that an XRP supply squeeze in 2025 is no longer speculation but inevitable. He attributes this to upcoming spot exchange-traded funds and digital asset treasury vehicles locking up circulating supply.
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.