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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 24 hours, 214,038 people were liquidated, with a total amount of 668 million USD.
According to data from Bijie.com: in the past 24 hours, a total of 214,038 people were liquidated, with total liquidation amounts reaching 668 million USD, of which long position liquidations accounted for 527 million USD. According to OKX market data, BTC fell below 80,000 USD at 22:27 on October 24 (UTC+8), reaching a low of 79,833.50 USD, and has now rebounded to 80,268.5 USD, with a 24-hour decline of 1.74%.
The spread between US 10-year and 2-year Treasury yields stands at 31 basis points.
BiJie Network US stock market data: The spread between the 10-year and 2-year US Treasury yields is 31 basis points, and the yield curve has a positive slope. Compared with the same-caliber snapshot 24 hours earlier, it is unchanged; compared with the same-caliber snapshot 7 days earlier, it has narrowed by 4 basis points.
David Schwartz: XRPL's success in finance will inevitably drive demand for and value growth of XRP.
CoinWorld news: Ripple Honorary CTO David Schwartz stated that XRPL is highly successful in financial applications, but it is extremely unlikely that XRP would not have high demand and value. XRPL's low fees and reliable performance can attract financial activity, and as assets and transactions flow through the network, demand for XRP rises. XRP's value stems from the growth in network usage; network transaction fees must be paid in XRP, and XRP serves as a neutral asset with no counterparty to provide liquidity. Validator VET added that XRPL's built-in decentralized exchange and the circulation of assets such as Ripple USD strengthen XRP's role, and XRP can act as a bridge currency through automatic bridging.
Coinbase Derivatives suspends futures and perpetual contract trading for up to 9 hours.
Coinbase Derivatives began scheduled maintenance on October 24 at 5:00 AM Central Time, suspending futures and perpetual contract trading during the maintenance period, which is expected to last up to 9 hours and conclude around 14:00 that day. During the maintenance, users can still log in to their accounts and view balances, but cannot open new positions or modify existing orders. The maintenance includes quarterly routine maintenance and involves participation in the Futures Industry Association's annual disaster recovery drill.
Houthi armed forces: Our armed forces have targeted the gathering site of the Saudi enemy forces—the so-called "Victory Camp"—as well as the naval forces located in Aden.
According to CoinWorld news, the Houthi armed forces: Our armed forces have carried out strikes on the gathering site of the Saudi enemy forces—the so-called "Victory Camp"—as well as on the naval military base located in Aden.
UK FCA: Merely labeling something as "decentralized" does not exempt it from regulation.
According to Cointelegraph, the UK Financial Conduct Authority (FCA) recently stated that simply labeling a DeFi project as "decentralized" in its application does not exempt it from regulation. The FCA pointed out that "true DeFi" is not even a legal concept.
Brother Maji's 25x ETH long position was partially liquidated, with 252 ETH remaining.
According to CoinWorld news, Brother Machi's 25x ETH long position was partially liquidated due to a brief crash in the crypto market. The remaining position is 252 ETH, worth about $592,000 at the current price, with an unrealized loss of about $24,000. The current liquidation price is $2,326.
Bitcoin falls below $80,000, with $219 million in long positions liquidated within 24 hours.
Coinbureau reports: Bitcoin's price has fallen below $80,000 for the first time since October 15. In the past hour, approximately $219 million in crypto long positions were liquidated across the market, with the largest single liquidation being a $11.84 million BTC long, according to data from Bijie.com.
Analyst: Stripe and Plasma plan to launch stablecoin payment cards in over 100 countries in 2027.
CoinWorld news: Stripe has partnered with Plasma to launch a stablecoin payment card that supports spending in US dollars, Brazilian real, euros, Mexican pesos, Colombian pesos, and stablecoins such as USDC and OUSD. The card leverages Stripe's existing multi-currency stablecoin card infrastructure, avoiding currency conversion fees and eliminating cross-border settlement waits. The service is now live in more than 30 countries, with a target of expanding to over 100 countries by 2027. As of 2026, Stripe's stablecoin card infrastructure handles approximately $1.2 billion in monthly spending. Plasma's Plasma One multi-currency account will migrate to Stripe's card infrastructure.