History, that old scribe of cycles, whispers of September’s weakness-a month of blood and tears (-3.14%, mark my words!). But October? A phoenix rising from ashes, +21.89% on average! The market, drunk on liquidity and flows, plots its revenge toward $160k. Q4: the promised land. Or a fool’s errand? Only time will judge.
After the digital watchdogs of the crypto realm raised a ruckus, Steam finally kicked this shady imp off their virtual shelves. But what a breach-like finding a wolf hosting a sheep shearing party.
Amid this, some crypto stocks could still stand out with potential gains this week, supported by ecosystem developments. Here are three stocks to watch:
Dogecoin (DOGE) is currently trading at $0.24, having plummeted 11% in 24 hours. Analyst Merlijn The Trader, who clearly never saw a bear they didn’t want to hug, warned:
Meanwhile, the rest of the cryptocurrency market has started the week with all the enthusiasm of a wet Monday morning. Bitcoin (BTC), Ethereum (ETH), and their pals are trading in the red, looking as glum as a basset hound in the rain. ☔️ Bearish territory, they call it. I call it “another day in crypto.”
Plus, the U.S. will release home sales data on Wednesday, 2025, and existing home sales on Thursday-because nothing says “excitement” like watching paint dry… but with more potential to crash your crypto holdings. 🏠📉
AI Laughs Last – Outperforming Honest Folks Who Just Want to Make a Buck
Oh, what a glorious day for IREN (IREN)! The stock, in a fit of madness, leapt 11% to $43 in pre-market trading, as if the very fabric of reality had been torn apart by the sheer *vision* of doubling its AI Cloud capacity to 23,000 GPUs. A $500 million revenue target by 2026? How quaint! 🤡
The metal, now trading at $3,721, advanced about an hour after bitcoin, seen by some proponents as a digital form of sound money, posted a 24-hour drop of 3% that cut its price to $112,000 and its year-to-date gain to 17%. The timing suggests the possibility that profits from bitcoin liquidations rotated into gold. (Because nothing says “financial stability” like selling your crypto to buy a physical gold necklace. 💍)
According to their tales, the bellicose Scattered Spider, armed with their youthful jest of pursing breadcrumbs through electronic pitfalls, aimed to nab some data. Yet, Crypto.com, ever the stalwart defender of their own Eden, claims regulatory trumpets were sounded loud and clear in 2023. CEO Kris Marszalek, the knight in digital armor, insists his gallant company peddled papers to the authorities, sharing tales only of a minor skirmish that lost a pittance of personal information-none of their gilded treasures were ever at stake, by Geppetto’s beard!
