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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>.
In the past hour, liquidations across all contract markets totaled $104 million, with BTC down 0.77%.
According to data from Bijie.com, the total liquidation amount across the entire network's contracts reached $104 million in the past hour, of which long positions accounted for $100 million. Bitcoin (BTC) is currently priced at $80,676.79, down 0.77% over the past 24 hours. In this liquidation event, Bitcoin liquidations amounted to $22.21 million, accounting for 21.30%.
The total market capitalization of the crypto market stands at 2.73 trillion US dollars.
CoinWorld data: The total market capitalization of the crypto market is $2.73 trillion, with a trading volume of $63.08 billion over the past 24 hours.
North American Blue Energy Partners deploys its sixth drilling rig in Venezuela.
CoinWorld news: North American Blue Energy Partners Inc. is working with the U.S. government to develop Venezuelan oilfields, deploying a sixth drilling rig to expand oil production. CEO Alejandro Betancourt said the company's production in western Venezuela has reached a record 115,000 barrels per day. The company plans to bring in a total of 60 drilling rigs, 30 steam boilers, and 70 pieces of heavy construction equipment to implement its 25-year plan.
Ki Young Ju: The AI bubble burst has limited impact on Bitcoin.
CoinWorld news, according to Cointelegraph, analyst Ki Young Ju stated that the bursting of the AI bubble may have little impact on Bitcoin, and investors may return to Bitcoin after AI stocks rebound.
CrowdStrike CEO: AI reveals PHP vulnerability risks, calls for rapid patching
CrowdStrike CEO George Kurtz stated that AI has proven PHP vulnerabilities can be exploited, putting tens of millions of servers at risk. He pointed out that these nearly 20-year-old vulnerabilities were only "theoretical" before AI, but have now been confirmed to be exploitable. This forces everyone into a "very rapid patching cycle." Kurtz also mentioned that while large companies will patch their systems and modern PHP versions will also be patched, some older versions may not be. He warned that what many people are not paying enough attention to is that old routers and firewalls running outdated PHP "will never be patched," which will lead to "massive breaches" in the coming months. He emphasized, "You need to watch the watch, not the calendar."
BTC liquidations totaled $28.2724 million over the past 24 hours.
CoinWorld data: BTC liquidations over the past 24 hours totaled approximately $28.2724 million, with 2,376 liquidation orders recorded. This represents a 79.68% decrease compared with the same-metric snapshot 24 hours earlier, and a 65.61% decrease compared with the same-metric snapshot 7 days earlier.
France narrowly avoids a Moody's downgrade, but its outlook remains negative.
CoinWorld news: France has temporarily avoided a Moody's downgrade, with its sovereign credit rating maintained at AA3, though the outlook remains negative. Moody's warned that slowing economic growth, widening fiscal deficits, rising financing costs and social protests could hinder fiscal consolidation. France's fiscal deficit is expected to reach 5.4% of GDP this year, and the government plans to reduce the deficit to 5% by 2027, but whether the budget can pass remains uncertain due to a lack of majority support in parliament. France's National Assembly on Friday rejected the revenue portion of the 2027 social security budget bill, with the main budget bill set to continue being reviewed next week. Pressure on the French bond market persists, with government bond yields rising among the highest in developed economies this month and reaching a 24-year high. The spread between French and German 10-year government bond yields widened to 178 basis points on Thursday, compared with 85 basis points in early September. France was also recently downgraded by Scope, while Morningstar DBRS shifted its rating outlook to negative, and S&P is expected to update its rating on November 27.
The long-to-short account ratio for BTC contracts is 2.09.
CoinWorld data: The BTCUSDT 4-hour long-short account ratio is 2.09, with more net long accounts than net short accounts. Compared with the same-caliber snapshot 24 hours ago, it rose by 0.0349; compared with the same-caliber snapshot 7 days ago, it rose by 0.3471.
The U.S. ambassador to Turkey said strikes on Iran are possible this weekend, while Trump said he was unaware of this.
According to CoinWorld news, U.S. Ambassador to Turkey Tom Barrack said in an interview with Israel's Channel 12 recently, "Could there be an attack this weekend? Of course it's possible." He noted that President Trump has made clear he is willing to reach a deal and wants to see the Iranian regime change its policies, but is not seeking regime change. When asked about the matter, Trump responded, "He's a very influential person, I guess." He also said, "If that's really the case, I know nothing about it."