BTC Rollercoaster 🎢

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Ah, the crypto economy. It concluded the final week of October as it generally does – with a rather undignified flailing about, a sort of desperate attempt to find solid ground, accompanied, naturally, by the wails of those who leveraged a bit too enthusiastically. Bitcoin, that persistent phantom, led the dance, its price ranging over ten thousand dollars, a sum which, one suspects, could have been put to more practical use.

The Winds of Fortune (and Central Banks)

The week began promisingly enough, the air thick with whispers of a trade agreement between America and China. Rumors, of course. They always are. It briefly lifted spirits, not just in the crypto world, but in the stock markets as well – a curious symbiosis, wouldn’t you say? Like two sickly plants briefly leaning on each other for support. Bitcoin ( BTC) briefly touched $116,381, a fleeting moment of optimism before… well, before reality intervened.

Then came the pronouncements from America’s central bank. That Mr. Powell, a man whose expressions suggest a profound disappointment in humanity as a whole, hinted that a December rate cut wasn’t exactly guaranteed. One can almost feel the despair rippling through the markets. BTC began its descent, a rather graceless tumble, and by the week’s end, those earlier gains had vanished as if they never were. Most others followed suit, save for a couple of stragglers – BCH and some outfit called HYPE – managing meager increases. The rest? A fairly consistent slide into mediocrity. 😔

The Curious Case of the Privacy Coins

Curiously, those coins obsessed with remaining unseen – the privacy coins, as they’re known – performed rather well. One might wonder what they’re trying to hide, but that, naturally, is merely speculation. Zcash, an old hand at this game, experienced a resurgence, climbing to a price not seen in seven years – a rather dramatic turnaround, overtaking Monero ( XMR) in the process. RAIL and DASH also enjoyed a bit of a run, and several others followed, posting gains that were, frankly, somewhat excessive. Though, one must add, COAI and GIGGLE didn’t fare so well – a rather precipitous decline, suggesting perhaps a fundamental lack of… something.

A Few Questions (Asked Out of Boredom, Mostly)

  • Why all the fuss with bitcoin last week? It seems trade rumors and the murmurings of central bankers were enough to send it spinning. A delicate creature, Bitcoin.
  • Who actually made money? BCH and HYPE, apparently. Though one wonders if they truly deserved to.
  • Were the privacy coins immune? Not entirely, but they certainly weathered the storm better than most. A curious bunch, those privacy advocates.
  • And the biggest losers? COAI and GIGGLE, plummeting like… well, like poorly designed cryptocurrencies. 🤷

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2025-11-02 13:58