XMR Just Pumped Hard 💎
The token jumped with double digit gains yesterday on October 22 and crossed 650 dollars for the first time since January. A possible spark came from the GUI v0.18.5.4 Fluorine Fermi upgrade that reopened testnet and stagenet wallets plus fixed some bugs. Some analysts figured XMR would keep climbing with users like Sweep and Alaoui Capital calling for a new all time high at 1000 dollars. Yet it dipped south instead and sits at 605 dollars per CoinGecko right now. Dr Profit warned that open interest hit a historic high and recalled the last time it spiked like this the price crashed 66 percent in 20 days 😈.ZEC Hit Some Rough Swings 🕷️
Zcash climbed nicely earlier this week and hit a nine day peak above 1360 dollars on October 21. Its rise likely came after news that the team wants to triple block production speed with the NU7 upgrade aimed for November 5. Two big investors also opened around 37 million dollars in long positions on ZEC using 10x leverage. The surge did not last though and the token now trades near 1200 dollars down about 2 percent weekly. Crypto With Gopal pointed out bearish pressure building and expects more downside soon while bears push the 1050 dollar neckline on a head and shoulders pattern. Bulls need to hold support and reclaim above 1300 dollars to break that setup.BTC Whales Stay Greedy 🐋
Bitcoin looked set to touch 85000 dollars on October 22 but got rejected and now lingers near 81500 dollars amid rising geopolitical tensions and shaky markets overall 🌑. Still whales refuse to fold and actually loaded up more. Forty new wallets pulled over 770 million dollars worth of BTC since October 1. Earlier holders between 10 and 10000 BTC scooped almost 90000 units in one month. That kind of buying spree shrinks supply on the market and could push prices higher if demand holds steady. It might even pull in smaller buyers with fresh capital 💀.Just another echo from the void by iconofsin.eth 💖
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