Morning Crypto Report: Elon Musk’s SpaceX Resumes Strange Bitcoin Activity, XRP Ticker Debuts on Nasdaq, US-China Talks Trigger $824,470,000 Crypto Liquidations
The post Morning Crypto Report: Elon Musk’s SpaceX Resumes Strange Bitcoin Activity, XRP Ticker Debuts on Nasdaq, US-China Talks Trigger $824,470,000 Crypto Liquidations appeared on BitcoinEthereumNews.com.
The overall market mood is cautious after yesterday’s liquidation wave flushed out $824,470,000 in leveraged positions, leaving crypto market sentiment rattled but not broken. Bitcoin remains stuck at $110,258, while altcoin capitalization, excluding BTC and ETH, sits at exactly $1 trillion, even after a 5.48% monthly drop. The Fed confirmed a 25 bps rate cut with QT set to finish in December, feeding a slow liquidity return narrative. Yet the greater weight on traders today is immediate flow: SpaceX wallets moving again, XRP securing a Nasdaq ticker and U.S.-China headlines driving chaotic volatility across all markets — and crypto, of course. TL;DR SpaceX shifts another 281 BTC worth $31,280,000. XRP ticker changes to XRPN on Nasdaq, backed by $1,000,000,000 in fresh capital. U.S.-China pact sparks $824,470,000 liquidations, wiping out overleveraged bulls. Bitcoin in limbo at $110,000 with $100,000 support and $120,000 resistance. Bitcoin news: Elon Musk’s SpaceX wallets on the radar again as $31,280,000 BTC move Data from Arkham shows that SpaceX, led by Elon Musk, has transferred 281 BTC worth $31,280,000 to a fresh new address, continuing a sudden streak of mysterious moves. Earlier this month, 2,130 BTC and 2,495 BTC were transferred, and July marked the first transfer in three years when 1,308 BTC worth around $153,000,000 were transacted. Whether it is a change in the money management team, a mix of investment vehicles or a stress test for liquidity, the big question is: why now? Source: Arkham On the charts, Bitcoin is at $110,258, with this month’s range defined by a high of $126,195 and a low of $102,329. The $100,000 psychological mark and $81,697 breakout level are supporting it. But if the price keeps pushing past $120,000, it could open up the door to reach around $130,000. Liquidation data confirms Bitcoin as the main driver of the market,…
Filed under: News - @ October 31, 2025 2:27 am