Bitcoin returned to $115K after October 10’s market crash, which erased $19B in leveraged positions and shaved over $450B off of the market cap.
KEY POINTS:
➡️ Bitcoin returns to $115K after October’s US-China Trade Relations-related market crash, which eliminated 1.6M traders from the trading pool and delivered $19B in damages in the leveraged sector.
➡️ TD Cowen predicts a $141K Bitcoin by December, invoking Bitcoin’s resilience post-market crash as the main catalyst.
➡️ Tigers Research shows that Bitcoin’s adoption curve shifted from retail to institutional and predicts a $200K $BTC by the end of 2025.
➡️ PEPENODE’s ($PEPENODE) $1.96M presale rewards early participation by letting you create your own virtual mining facility.
The recent crypto market crash saw Bitcoin plummet by over 15% in a matter of hours, before attempting to recover some lost ground the following day, but with limited success. $BTC rebounded around 72h later, when it got to $115,891, before crashing again to an abysmal $104,708 on the 17th.
It all started with Trump’s Truth Social post, which announced 100% tariffs on China’s goods as retaliation against China’s ‘large scale Export Controls on virtually every product they make, and some not even made by them.’
The crypto market reacted immediately, with 1.6M traders leaving the trading pool and losses extended across multiple industries. Nasdaq lost 3.6%, followed by S&P 500 with 2.7%, and Dow Jones with 1.9%. Even Nvidia and AMD sank 4.9% and 7.8% respectively.
That said, Bitcoin recovered rather swiftly and is now in full consolidation mode above the $115K threshold.
This spells good news for top altcoins like PEPENODE ($PEPENODE), currently approaching the $2M mark in its hot presale.
Is Bitcoin in the Bull Zone Yet?
This isn’t the first time Bitcoin has breached the $115K barrier recently; the first instance was on October 13, three days after the market meltdown. Unfortunately, it couldn’t hold that level for more than a few hours before crashing again.
It’s back now after a 1.54% push over the last 24 hours, which put it right above the $115K mark. But will it hold?
The common consensus is that it will, with names like TD Cowen praising Bitcoin’s resilience and predicting a $141K price point by December if momentum continues.
This is likely to happen, given the market’s direction and the rampant adoption trend on the global stage.
But probably the most impactful catalyst is the shift in adoption rates from retail to institutional.
A recent Tiger Research report highlights that:
This prompted Tiger Research analysts to predict a $200K Bitcoin price by the end of 2025, based on ‘institutions buying through volatility, the Fed cutting rates, and the October crash confirming institutional market dominance’.
With Bitcoin poised for a sustained Q4 bull run, PEPENODE is next in line to experience a surge this coming Q4 as the presale reaches $ 1.96M.
How PEPENODE Rewards Early Investors
PEPENODE ($PEPENODE) is a meme coin presale built around a gamified ‘mine-to-earn’ system. Participants deploy virtual mining nodes to earn rewards in $PEPENODE and other meme tokens like $PEPE and $FARTCOIN.
With deflationary mechanics, high staking APYs, and no insider allocations, the presale has raised nearly $1.9M and positions itself as a utility-driven alternative to speculative meme coins.
Once live, the project will allow you to build your own coin farming facility once PEPENODE, offering a cheap, but effective alternative to classical crypto mining.
Where traditional mining involves expensive rigs, steep electricity bills, and serious technical know-how, PEPENODE goes the opposite way: it’s all virtual.
The process is simple: you buy your mining nodes, upgrade them, set up your facility, and put it to work. The earlier you buy the nodes, the higher their throughput, and the heftier the rewards.
PEPENODE’s virtual mining facility doesn’t require expensive upgrades, it doesn’t break, and it won’t supercharge your electricity bills. This makes it a good mining option for beginners who can’t afford the high costs of traditional mining.
The mining event goes live after the TGE event and will feature larger bonuses for early adopters, along with a leaderboard that tracks top performers.
The presale is now at $1.96M, and it’s growing fast thanks to the appeal of gamified meme-coin mining. The 654% dynamic staking APY doesn’t hurt, either.
If you want in, act fast. The sooner you join, the bigger the rewards and the more powerful your mining rig once PEPENODE ($PEPENODE) goes live.
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Source: https://bravenewcoin.com/partner/bitcoin-back-115k-pepenode-top-altcoins
