Little-known cryptocurrency Bless grew by 592% per day amid falling crypto market

Note: not financial advice!

On Wednesday, October 15, the cryptocurrency market showed a decline amid harsh statements by representatives of the Donald Trump administration regarding China. The total capitalization of digital assets decreased by 2.24% to $ 3.75 trillion. Thus, Bitcoin BTC $111,504.00 Mezo Wrapped BTC -0.39% Market capitalization $58.84 million VOL. 24 hours $1.28 billion lost 1.48%, dropping to $ 110,900, Ethereum ETH $3,843.99 Bridged Ether (StarkGate) -0.62% Market capitalization $88.41 million VOL. 24 hours $0.77 billion - 2.29% to $ 3,995, XRP XRP $2.49 XRP -0.22% Market capitalization $149.64 billion VOL. 24 hours $0.12 billion - 3.41% to $ 2.41, and Dogecoin DOGE $0.18 Binance-Peg Dogecoin -1.59% Market capitalization $0.47 billion VOL. 24 hours $71.57 million fell by 3.37% to $ 0.1969. Solana SOL $184.97 Binance-Peg SOL -0.56% Market capitalization $0.2 billion VOL. 24 hours $0.31 billion dropped the most, by more than 4% to $ 194.27.

The decline was accompanied by a drop in trading volumes. Bitcoin remained within $ 111 thousand, and spot ETFs related to it recorded net outflows of more than $ 90 million. According to Coinglass, daily liquidations in the market reached $ 442 million, mainly due to the closure of long positions. At the same time, about $ 500 million of short positions in BTC may be liquidated if the price rises to $ 115 thousand.

The Fear and Greed Index remained in the «fear» zone, indicating a predominantly pessimistic mood among investors. Despite the overall decline, some tokens showed growth: Bless (BLESS) rose by 591.9% to $ 0.2165, BNB Attestation Service (BAS) by 56.1%, and ChainOpera AI (COAI) by 19.5%.

The situation on traditional markets was more stable. The S&P 500 index rose by 0.4%, the Nasdaq Composite by 0.7%, while the Dow Jones remained almost unchanged. Gold continues to strengthen its position, exceeding $ 4,200 per ounce. US Treasury Secretary Scott Bessent confirmed that Washington has no plans to ease its policy toward Beijing.

Analyst Ali Martinez called $ 3,900 a key support zone for Ethereum. According to him, holding it can open the way to $ 5,000−6,000. CryptoQuant experts believe that Bitcoin is in the late phase of a bull cycle dominated by short-term traders. In their opinion, a decrease in the share of such participants in the market will signal a new stage of accumulation.

The No Worries editorial team strongly advises readers not to invest their own funds in dubious crypto projects and little-known digital assets!