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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 total market capitalization of the crypto market stands at $2.69 trillion.
CoinWorld data: The total market capitalization of the crypto market is $2.69 trillion, with a trading volume of $62.23 billion over the past 24 hours.
The central banks of Singapore, Malaysia, and Thailand are joining forces to promote cross-border digital currency payments.
CoinWorld news, the Monetary Authority of Singapore announced on the 23rd that Bank Negara Malaysia and the Bank of Thailand have officially joined the bloom digital currency cross-border cooperation initiative. The three countries will work with the financial industry to promote cross-border digital currency payments, making fund transfers between different countries more convenient and faster. The cooperation will focus on studying how different countries accept and settle digital currencies, promoting the interconnection of national payment systems, and strengthening identity verification, transaction review, and risk management to ensure the security of cross-border transactions. The institutions participating in the plan have also further expanded, including Mastercard, Visa, Ripple, Maybank, Airwallex, Monee, Nium, ShopeePay, and the World Bank Group.
J.P. Morgan Asset Management expands MONY and JLTXX tokenized money market funds to Solana.
JLTXX, two tokenized money market funds, to the Solana public blockchain, allowing eligible U.S. investors to subscribe and redeem through the Morgan Money institutional platform. MONY is a private placement product, while JLTXX is a U.S.-registered government money market fund; both represent fund shares and may incur losses even though they target a $1 net asset value. Morgan Asset Management has published the token addresses of the products on Solana and reminded investors to guard against counterfeit assets.
Cash App launches automatic Bitcoin withdrawals to self-custody wallets
Cash App has now launched a feature for automatic Bitcoin withdrawals to self-custody wallets, allowing users to transfer purchased Bitcoin directly into self-custody wallets.
Bitcoin's market cap dominance stands at 60.09%.
Bijie.com data: Under Bijie.com's unified market methodology, Bitcoin's market capitalization accounts for 60.09% of the total cryptocurrency market capitalization.
Coinbase用户诈骗关联钱包转移300万枚sUSDS，存入1389.6枚ETH至Tornado Cash
A wallet linked to Coinbase user fraud transferred 3 million sUSDS to a new wallet; after conversion, the funds were deposited into Tornado Cash in 36 transactions, totaling 1,389.6 ETH.
Egyptian lawmakers will hold a meeting on Monday.
According to CoinWorld news, market sources report: Egyptian lawmakers will hold a meeting on Monday to consider whether to authorize military support for Saudi Arabia. Previously, Yemen's Houthi armed forces have continued to launch attacks on Saudi Arabia. A senior lawmaker stated that such support is likely to be defensive in nature.
BTC perpetual contract open interest totals 15.215 billion USD.
CoinWorld data: Under the statistical methodology of selected mainstream platforms, the total notional value of open interest in BTC USDT-margined perpetual contracts is $15.215 billion. This represents a decrease of 1.65% compared with the same-methodology snapshot 24 hours earlier, and an increase of 1.39% compared with the same-methodology snapshot 7 days earlier.
NVDA off-exchange short sale volume ratio reported at 29.33%
CoinWorld US stock data: NVDA's off-exchange short selling volume accounted for 29.33% of the total that day. Compared with the same-caliber snapshot 24 hours earlier, it fell by 12.1354 percentage points; compared with the same-caliber snapshot 7 days earlier, it fell by 10.4679 percentage points.