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More →Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?
The frog-themed meme coin has defied the latest market correction, pumping double digits today (October 23) and reaching a monthly high. Some analysts believe the price could rise further in the short term, but key factors suggest the move hasn’t been healthy and might be followed by a pullback. PEPE is one of the top-performing cryptocurrencies today and currently trades near $0.000005076. Its market capitalization has surged past $2.13 billion, making it the 50th-largest cryptocurrency and, once again, the fourth-biggest meme coin. Recall that yesterday (October 22), MemeCore (M) briefly took that position after <a href="https://cryptopotato.com/memecore-m-flips-pepe-pepe-after-pumping-25-in-a-day-details/" rel="nofollow" target="_blank">posting</a> a significant price increase. <a href="https://x.com/TokenTalk3x/status/2112826521102721179" rel="nofollow" target="_blank">According</a> to Token Talk, PEPE’s bulls have “one job right now”: push the token’s market cap above $2.21 billion. “The daily structure has improved massively from the summer lows, but resistance is resistance until proven otherwise,” the analyst added. X user Sjuul | AltCryptoGems also <a href="https://x.com/AltCryptoGems/status/2113248262987870219" rel="nofollow" target="_blank">issued</a> a bullish thesis, saying he still likes the PEPE chart, which is showing signs of “relative strength.” He believes buyers must now hold that flipped support/resistance level to trigger an additional potential pump. For his part, Crypto With Gopal <a href="https://x.com/cryptowithgopal/status/2113563112704192922" rel="nofollow" target="_blank">claimed</a> that PEPE has flashed an inverted head-and-shoulders reversal, with price pushing toward the $0.0000050-$0.0000053 neckline zone. He said a confirmed breakout could trigger a powerful recovery move and argued that bullish momentum has been building. Despite the impressive uptick, PEPE remains a meme coin, making it especially vulnerable to speculation and volatility, so a short-term correction wouldn’t be a surprise. The token’s Relative Strength Index (RSI) supports that scenario. The technical analysis tool runs from 0 to 100, where anything above 70 means that PEPE has entered overbought territory and could be headed for a pullback. Conversely, readings below 30 are typically seen as buying opportunities. Recently, the ratio exploded to 94. PEPE’s exchange netflow is also worth monitoring. Inflows have dominated outflows lately, suggesting investors have shifted from self-custody to centralized platforms, increasing immediate selling pressure. The post <a href="https://cryptopotato.com/pepe-pepe-rises-11-daily-further-pump-or-correction-on-the-way/" rel="nofollow" target="_blank">Pepe (PEPE) Rises 11% Daily: Further Pump or Correction on the Way?</a> appeared first on <a href="https://cryptopotato.com/" rel="nofollow" target="_blank">CryptoPotato</a>.
The White House: President Trump is cracking down on fraud across the board.
CoinWorld news, the White House: President Trump is cracking down on fraud across the board.
Bitcoin fell $1,500 in two hours, hitting a five-week low.
CoinWorld data: According to bitcoin archive, Bitcoin fell $1,500 within two hours, with its price hitting the lowest level in five weeks. In the past 12 hours, a total of $160 million in long leveraged positions were liquidated.
The U.S. 10-year breakeven inflation rate is reported at 2.34%.
CoinWorld US stock market data: The latest daily reading of the US 10-year breakeven inflation rate is 2.34%. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.02 percentage points; compared with the same-caliber snapshot 7 days ago, it fell by 0.01 percentage points.
Iran Free Trade Zone official: Facilitated import measures for industrial raw materials have been introduced, allowing required raw materials to be imported through the simplest customs procedures, with cargo clearance taking at most one week to ten days.
CoinWorld news, the head of Iran's free trade zone: measures to facilitate the import of industrial raw materials have been introduced, allowing the import of needed raw materials through the most simplified customs procedures, with cargo clearance taking at most one week to ten days.
US options market open interest stands at 665,746,029 contracts.
BiJie Network US stock data: US options market open interest stands at 665,746,029 contracts, of which 379,893,619 are calls and 285,852,410 are puts.
A whale holds $214 million in long ETH positions and faces liquidation.
According to data from Bijie.com, a whale holds a long position of 93,200 ETH, currently worth about $214 million. If the market continues to decline, the position faces liquidation, with liquidation prices at $2,256.45 and $2,226.53, respectively.
Arthur Hayes sold $26 million in crypto assets, saying the market needs to fall first before it can rise.
CoinWorld news, according to Cointelegraph, Arthur Hayes recently sold $26 million worth of crypto assets, including 8,000 ETH, and said the market must fall first before it can rise again.
GoPlusSecurity: Legacy iOS vulnerability exploited to steal Web3 keys and crypto assets
According to a report from Bijie.com, GoPlusSecurity has reported that an old iOS vulnerability is being exploited to steal Web3 keys and crypto assets, and is fueling malicious transactions, malware sales, phishing, and trojan applications. The report provides a detailed analysis of the attack methods, the operators, the flow of funds, and how to stay safe.
The crypto market lost over $40 billion within 24 hours, with more than 213,000 traders liquidated.
According to data from Bijie.com: reports show that over the past 24 hours, the total value of the crypto market has evaporated by more than $40 billion, and more than 213,000 traders were liquidated during the same period. Within a single hour, liquidations exceeded $270 million, of which 94% came from long positions.