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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 4-hour trading volume ratio of BTC contracts to spot is 6.9.
CoinWorld data: Over the most recent 4 complete hours, BTCUSDT perpetual contract trading volume was 6.9 times spot trading volume. Compared with the same-caliber snapshot 24 hours earlier, it rose by 0.2032; compared with the same-caliber snapshot 7 days earlier, it rose by 2.1264.
Zack Wainwright: Bitcoin's rise from $100,000 to $200,000 could happen faster.
According to a CoinWorld report, Fidelity Digital Assets research analyst Zack Wainwright said that as of October 12, Bitcoin had risen nearly 50% from its bear market low of about $58,000 in June, a trajectory similar to its 2022 recovery path. He cautioned that Bitcoin's returns have been narrowing with each cycle and that past performance does not guarantee future results, though a substantial increase denominated in U.S. dollars remains possible. It took Bitcoin nearly 16 years to break above $100,000 for the first time, while the move from $100,000 to $200,000 could be much faster.
Hyperliquid founder pushes for U.S. market access, emphasizes regulatory obligations
CoinWorld news: Hyperliquid founder Jeff Yan said in an interview with Bloomberg that the company operating the Hyperliquid market should face regulatory obligations, which could open the network to Wall Street without treating it as a traditional exchange. He also confirmed that U.S. users accessing the platform via VPN are violating its terms. Legitimate U.S. access still depends on regulatory clarity regarding how on-chain trading can comply with CFTC requirements.
The UK FCA has released new rules for crypto trading, requiring licenses to be obtained by 2027.
According to CryptoSlate, the UK Financial Conduct Authority (FCA) has published draft guidance stating that if crypto applications automatically select trading venues or routes for users by evaluating prices, liquidity, and other factors through algorithms, such activity will be regarded as the regulated conduct of "arranging deals," and a license must be obtained before the new rules take effect in October 2027. DeFi aggregators that promise "best execution" or involve autonomous routing fall within this scope, and smart contracts and DAO structures cannot exempt them from liability. The transition period for existing UK crypto firms to apply for licenses will close on February 28, 2027.
The S&P 500 Tail Risk Index stands at 151.8 points.
CoinWorld US stock market data: The S&P 500 tail risk index closed at 151.8 points. Compared with the same-caliber snapshot 24 hours earlier, it fell 0.59 points; compared with the same-caliber snapshot 7 days earlier, it fell 16.79 points.
BTC liquidations totaled 68.4267 million USD over the past 24 hours.
According to data from Bijie.com, the liquidation amount for BTC over the past 24 hours was approximately 68.4267 million USD, with 3,575 liquidation orders recorded. Compared with the same-caliber snapshot 24 hours earlier, this is up 98.44%; compared with the same-caliber snapshot 7 days earlier, it is up 19.72%.
Bitcoin Core updates its security policy: vulnerabilities easily found by AI will be fixed and released immediately.
Bitcoin Core has changed its approach to handling security vulnerabilities, abandoning long-term confidentiality for vulnerabilities that AI can easily discover and instead immediately backporting fixes and releasing versions. The policy update was merged this Thursday, initiated by Chaincode Labs developer Antoine Poinsot. Large language models have lowered the barrier to discovering vulnerabilities and identifying code fixes, leading to a surge in such vulnerability reports.
The long-short account ratio for BTC contracts is 2.2.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 2.2, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0041; compared with the same-caliber snapshot 7 days ago, it rose by 0.4883.
Hong Kong's largest bank brings stablecoins to 3 million wallets
CoinWorld news: Hong Kong's largest bank has announced that it will introduce stablecoins into 3 million wallets. This move marks the bank's further development in the field of digital currency.