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

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Read U.TODAY on Google News TL;DR Bitcoin news: Elon Musk's SpaceX wallets on the radar again as $31,280,000 BTC moves XRP news: Nasdaq debut gives XRP ticker new identity $824,470,000 liquidations: US-China tariff deal shocks leveraged traders Evening outlook Advertisement 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. Fed confirmed a 25 bps rate cut with QT set to finish in December, feeding a slow liquidity return narrative. Yet the bigger weight on traders today is immediate flow: SpaceX wallets moving again, XRP securing a Nasdaq ticker, and US-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 US-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 moves 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. HOT Stories 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 XRP ETF Flows Will Exceed What People Are Expecting, Analyst Predicts XRP-Based Loans to Launch in December, Ethereum to $5,000, Western Union to Introduce Solana-Based Stablecoin — Crypto News Digest Crypto Market Prediction: Ethereum's (ETH) Goodbye to $4,000? Shiba Inu (SHIB) Adding Another Zero? Is $115,000 Unbreakable for Bitcoin (BTC)? Whether it's a change in the money management team, a mix of investment vehicles, or a stress test for liquidity, the big question is: why now? Advertisement 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, erasing $369,540,000 in 24 hours. Most losses were absorbed by longs, defusing the overheated bullish leverage, a setup that prepares the market for another attempt higher. XRP news: Nasdaq debut gives XRP ticker new identity Arrington XRP Capital's Armada Acquisition Corp. II has officially changed its Nasdaq identity. Its Class A shares now trade as XRPN, units as XRPNU, and warrants as XRPNW. This follows a merger with Evernorth Holdings that raised over $1 billion to purchase XRP on the open market, an institutional XRP treasury model unprecedented in the crypto industry. Why XRP did not get 21 million like Bitcoin: Ripple CTO breaks it down $xrp https://t.co/G2vQ0lPBuz — U.Today (@Utoday_en) October 30, 2025 Michael Arrington described the move as a sign of strong belief in the XRP ecosystem, citing integrations with Hidden Road, GTreasury, and Standard Custody as examples. By linking a listed equity vehicle directly to XRP flows, the ticker change provides the asset with new exposure in regulated markets. You Might Also Like Thu, 10/30/2025 - 08:50 Ripple CTO Names 3 Reasons Why XRP Has Exactly 100,000,000,000 Supply By Gamza Khanzadaev Price action is less dramatic: XRP is trading at $2.55, down 3.28% for the week. Resistance sits at $2.71, with support between $2.40 and $2.45. Only a clean break above $3 will allow for larger movements. Failure to defend $2.40 could lead to a steeper decline. $824,470,000 liquidations: US-China tariff deal shocks leveraged traders Markets were caught off guard by liquidation cascades after a one-year US-China trade pact on rare earths and minerals was confirmed by both parties. Tariffs were cut from 57% to 47%, and China signaled openness to discussions about chips and agricultural imports. This macroeconomic relief spilled over into risk assets, triggering forced unwinds across the crypto market. Source: CoinGlass Bitcoin led the way with $369,54 million liquidated, followed by Ethereum with $188,97 million and Solana with $47,22 million. Altcoins as a group lost $53,66 million as per CoinGlass . Overall, longs absorbed $656,09 million, while shorts lost $168,16 million This imbalance shows how crowded long positioning had become. Once again, crypto did not react to native catalysts, but rather to global trade flows, proving its dependency on macro. Evening outlook Heading into the US evening session, four pivots dominate: Bitcoin: needs to hold $110,000 or risk a drop toward $100,000 - down 10% XRP: Nasdaq debut narrative vs. fragile $2.40–$2.70 technical corridor Altcoin market cap: defending $1,020,000,000,000 or slipping to $900,000,000,000 Macro backdrop: follow-ups on commodity clauses and Fed December rate cut probabilities With $824,470,000 in leverage flushed, markets enter the evening with lighter positioning. That leaves spot flows and headline catalysts free to dictate the next leg. #Bitcoin #SpaceX #Elon Musk #XRP #XRP News