The last time XRP price formed this pattern, it crashed 65%

In an impressive surge, decentralized perpetual trading volume has surpassed $1 trillion in October, thanks to platforms like Hyperliquid, Aster, and Lighter. This milestone not only breaks the previous record set in August but also highlights the growing interest and participation in decentralized finance (DeFi). As more traders flock to these platforms, it signals a robust future for DeFi, potentially reshaping the financial landscape.

T. Rowe Price, a major investment firm with $1.77 trillion in assets, has filed for a cryptocurrency ETF that aims to include popular digital currencies like Bitcoin, Ethereum, Solana, and XRP. This move is significant as it reflects growing institutional interest in cryptocurrencies and could pave the way for more mainstream adoption of digital assets. Investors are keenly watching how this ETF could influence the market and provide new opportunities for exposure to cryptocurrencies.

Ethereum is facing significant challenges as it struggles to regain the $4,000 mark, reflecting a broader uncertainty in the crypto market. Investor sentiment is cautious, with analysts divided on the future; some warn of a potential bear market, while others suggest this correction might lead to a rebound. Understanding these dynamics is crucial for investors as they navigate the volatile landscape of cryptocurrencies.

This week, XRP gained attention as Ripple-backed Evernorth announced its plans to go public through a SPAC, aiming to create a leading institutional XRP treasury. However, there are uncertainties regarding the actual amount of XRP being acquired by Evernorth. This development is significant as it could influence the market dynamics of XRP and the broader cryptocurrency landscape.

Crypto market expert Stedas believes that investors are not optimistic enough about XRP, despite recent positive developments surrounding the token. He highlighted a new project that could significantly enhance XRP's visibility and appeal in the market. This insight is crucial as it suggests that there may be untapped potential for growth in XRP, encouraging investors to reconsider their positions.

Gold's recent price drop of $2.1 trillion has reignited the debate between digital and physical gold. After a significant rally, the price plummeted from $4,330 to $4,030 in just hours, marking the largest decline in over a decade. This sharp decline not only impacts investors but also raises questions about the stability of gold as a safe-haven asset in times of economic uncertainty.

Ripple is gaining momentum and could soon challenge Ethereum as more companies are adopting XRP as a reserve asset. Evernorth's recent announcement to raise over $1 billion for XRP purchases highlights this trend, indicating a growing confidence in Ripple's potential. With 11 XRP treasury companies now in existence, this shift could significantly impact the cryptocurrency landscape, making it an exciting time for investors and enthusiasts alike.

Chris Larsen has made headlines by cashing out $764 million in XRP profits since 2018, but the cryptocurrency market is facing significant challenges. XRP is struggling to gain bullish momentum, with prices remaining below the $2.5 mark amid a bearish sentiment. This situation has left traders feeling cautious, as fear and uncertainty loom over the market's short-term outlook. While some analysts suggest this could be a temporary cooling-off period before a potential rebound, the current climate raises concerns about the future of XRP and the broader cryptocurrency landscape.

WazirX, the Indian cryptocurrency exchange, is set to resume trading and withdrawals after a significant hiatus following a hack in July 2024. This reopening is a crucial development for users eager to engage in crypto transactions again, marking a positive turn for the platform and its community. The scheduled restart this Friday brings hope for a revitalized trading environment and reflects the exchange's commitment to restoring trust and functionality.

In a surprising turn of events, gold has lost trillions in market value, overshadowing Bitcoin's stability. While gold, once the epitome of safety, shows signs of weakness, Bitcoin has proven to be resilient amidst the turmoil. This shift is significant as it challenges long-held beliefs about safe-haven assets and could reshape investor strategies in the upcoming market cycle.

Nevada regulators have taken action against Fortress Trust, a crypto custodian, by ordering it to halt operations due to concerns over insolvency and unsafe business practices. This move highlights the increasing scrutiny on digital asset custodians as regulators aim to mitigate systemic risks in the crypto market. The situation is significant as it reflects the ongoing challenges faced by the industry and the need for stronger oversight to protect investors.

The odds of former FTX CEO Sam Bankman-Fried receiving a pardon from US President Trump have surged to 12% on Polymarket, more than doubling after the recent pardon of Changpeng Zhao. This increase reflects a growing sentiment among bettors that Bankman-Fried could see a favorable outcome, which could have significant implications for his legal battles and the broader cryptocurrency market.

Meteora's $MET token has made a significant splash in the cryptocurrency market following its debut, reflecting a growing interest in the Solana ecosystem. This surge in popularity could pave the way for increased adoption and innovation in decentralized finance, making it an exciting development for investors and tech enthusiasts alike.

Bitcoin options are making waves as open interest skyrockets to a record $63 billion, signaling strong bullish sentiment in the market. With strike prices reaching between $120,000 and $140,000, this surge indicates that investors are optimistic about Bitcoin's future performance. This matters because it reflects growing confidence in cryptocurrency, potentially attracting more investors and influencing market trends.