Tag: Crash

Why Did Some Altcoins on Binance Crash to Zero?

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Key takeaways Some altcoins, including Cosmos’s ATOM token, briefly fell near zero on Binance during Friday’s crypto market crash. The same altcoins held real market value on other centralized crypto exchanges. On Oct. 10, the cryptocurrency suffered its most severe downturn since the FTX collapse, with the total market capitalization dropping by approximately $850 billion within hours. Bitcoin (BTC) fell around 10–15%, from highs near $124,000 to lows of $105,000. However, altcoins fared far worse, especially those traded on Binance, with many plunging 99.99-100% in minutes. That includes tokens like…

Market Crash Caused by Perfect Storm of Short-Term Factors: Analysts

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The sudden market crash on Friday, which caused some cryptocurrencies to decline by as much as 95% in under 24 hours, does not signal a long-term bearish outlook or deteriorating fundamentals, according to investment analysts at The Kobeissi Letter. Friday’s market meltdown was triggered by a perfect storm of short-term factors, including “excessive leverage and risk,” and US President Donald Trump’s announcement of 100% tariffs on China, the analysts wrote.  The Kobeissi letter cited the market’s heavy long bias, with $16.7 billion in long positions liquidated compared to just $2.5…

ETH Down Only 6.7% Following Friday’s Crypto Market Crash

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Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, is down about 6.7% in the past 24 hours, following Friday’s market crash, showing greater price resilience than many altcoins, which crashed by over 95% in some cases. The market crash sparked by US President Donald Trump’s tariff announcement took the price of ETH down to a low of about $3,510 on Friday, a decline of over 20% in a single day. Price tapped the 200-day exponential moving average (EMA), a dynamic support level, before rebounding to over $3,800.…

Crypto investor Konstantin Galish found dead in Lamborghini amid market crash

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Key Takeaways Konstantin Galish (Kostya Kudo), a prominent Ukrainian crypto investor and influencer, was found dead in a Lamborghini during a severe crypto market crash. His death highlights rising concerns about the mental health of crypto traders and influencers, especially during periods of intense market volatility. Share this article Konstantin Galish, a Ukrainian crypto blogger and trader known online as Kostya Kudo, was found dead in a Lamborghini today amid a severe cryptocurrency market downturn. The incident occurred as digital assets experienced extreme volatility, intensifying ongoing discussions about mental health…

Bitcoin Crash May Rebound In Coming Days If History Repeats

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Bitcoin’s price may recover up to 21% over the coming seven days if October’s historical trends hold, an economist suggests. “Drops of more than 5% in October are exceedingly rare.  This has happened only 4 times in the past 10 years,” economist Timothy Peterson said in an X post on Friday.’ He said those instances occurred in October 2017, 2018, 2019, and 2021. In the week following each drop, Bitcoin (BTC) rebounded by 16% in 2017, 4% in 2018, and 21% in 2019. The only exception was 2021, when the…

XRP Could See A Massive Price Crash To $1.9 If This Happens

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XRP has managed to break past the $3 mark in the past 24 hours, and this has given readers a glimpse of bullish momentum. However, this breakout is not yet confirmed, as the XRP price is yet to make a weekly close above this price level.  The cryptocurrency is still trading within a descending channel on the weekly timeframe, and in this context, an interesting technical analysisof  crypto outlines a bearish scenario of what could happen if XRP loses its current structure. Analyst Warns Of Bearish Breakdown To $1.9 There…

XRP Price Crash To $2.33 Is Still Possible In This Scenario, Here’s Why

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The latest analysis from DustyBC Crypto indicates that the XRP price is still struggling to overcome key resistance levels. The price has increased a few times, but each attempt to move higher has faced rejection. For XRP, the situation is not yet showing clear signs of a breakout. Instead, the market outlook remains cautious, and there is still a chance of further downside before the pattern can fully play out.  XRP Price Faces Resistance With More Rejections In Market Action According to DustyBC Crypto, XRP recently pushed upward but quickly…

Dogecoin (DOGE) Drops Over 5% – Is This the Start of a Bigger Crash?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…

Pundit Predicts XRP Price Crash Below $3, Here’s Why

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Crypto pundit and legal expert Bill Morgan has humorously predicted that the XRP price will drop below $3. He ironically alluded to a series of bullish developments as what would contribute to the price crash.  XRP Price To Crash Below $3 Amid Bullish Developments In an X post, Morgan predicted that the XRP price would drop $3 as he joked about how the altcoin keeps dropping despite bullish developments. This came as he highlighted Ripple’s partnership with DBS and Franklin Templeton to provide a trading and lending solution, powered by…

XRP Price Remains in Danger Zone – Is a Bigger Crash Coming?

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Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…