Crypto News Today, November 1: South Park Crypto Memecoin Scam Trending as Bitcoin Price Reverse | Q4 Rally Starts Now?

Ben Graham · Novembro 1

Crypto news today is actually hilarious, with South Park taking another swing at crypto degens. The new episode’s South Park storyline centers on the kids launching a fake crypto token to pull off a pump and dump scheme.

It’s comedy gold for viewers, but for those trading crypto, especially meme coins, it’s uncomfortably close to reality. While the jokes fly, the Bitcoin price quietly holds back above $110K, climbing off October’s lows and hinting that a Q4 recovery may already be brewing.

Satire aside, the market itself seems to be writing a different kind of punchline, when everyone is doom posting the current price, Bitcoin starts winning again.

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South Park Crypto Hits a Nerve: The Ugly Truth

The South Park crypto skit doesn’t exaggerate much. It mirrors what we’ve actually seen this year. Quick memecoin launches, insider exits, and short-lived hype. Conversations across crypto show half of the community laughing, calling it “too accurate,” but reality hits. Is this what the crypto market has become today?

Predictably, a handful of Solana meme coins popped up within hours of the episode airing, including one called SPSN, attracting curious buyers before most realized the setup screamed “rug pull.”

NEW: The South Park kids launch a Crypto memecoin scam and it's sort of really accurate pic.twitter.com/HQRmUeh7Ll

— Autism Capital (@AutismCapital) November 1, 2025

What’s interesting is how Bitcoin price action feels like the opposite of that chaos. BTC bounced about 1.4% this week, staying above its 50day moving average near $105,000, a strong level.

Historically, October’s dips don’t always drag into November. According to data, November is Bitcoin best month, with its price saw a 451.2% jump in a month. While October is usually a good month for Bitcoin, the usual pump level of “uptober’ is never percentagely better than November.

(source – Curvo)

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Bitcoin Price Bottom Could Be In and the Q4 Rally May Have Started

Technical charts suggest the Bitcoin price may have already hit bottom at around $106,000. The RSI briefly dipped to 45 before bouncing, a textbook oversold reversal. On top of that, the MACD just crossed bullish, echoing setups that kicked off major rallies in 2020 and 2023. Analysts following crypto news today trends see potential for a push toward $120,000 once volume bids.

(source – TradingView)

And oddly enough, the South Park crypto episode might signal sentiment turning a corner. Whenever mainstream TV starts mocking scams, it usually means the worst excess is behind us.

Bitcoin’s network hash rate remains at an all-time high, hinting at deep underlying strength. After a tough October, history suggests November often flips the script.

This time, the data points toward a big rally, not another dip.

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