#bitcoin tumbling

[monero-news]

An important question for those who want to use #Bitcoin and other #Crypto anonymously… is Bitcoin mixing obsolete?

An in-depth look at how to use cryptocurrency safely and privately.

[dreaminginthedeepsouth]

No one could have seen this coming. Absolutely no one — unless, of course, they had a pulse, a calendar, or a vague understanding of international trade. But for the 74 million Americans who dragged themselves to the polls in 2024 to rehire Donald Trump as President, this was exactly what you ordered — delivered fresh, hot, and right to your crumbling 401(k).

The Dow just plunged 890 points, like a bungee jumper who forgot the cord. The S&P 500, which had already been bleeding for two weeks straight, has now fallen 7.45% since late February — tumbling from 6,147.43 to 5,614.36 like someone chucked their retirement fund off a third-story balcony. The Nasdaq? It's been in a full-blown correction for days now, down over 10% from its recent peak — the kind of nosedive that makes Silicon Valley cry into their kombucha.

And Tesla? Oh, poor Elon Musk. Tesla’s stock got hammered like a frat boy on spring break, collapsing 15% in a single day — its worst performance since September 2020. Musk’s fans thought his bromance with Trump would unlock some economic cheat code — but instead, their electric dreams are getting dragged to hell like a toaster in a bathtub.

But no one could have predicted this, right?

Except... literally everyone who saw Trump’s economic chaos coming from space. Wall Street didn’t get “caught off guard” — they just assumed they could outrun the blast radius. The smart money bet they could milk Trump’s instability long enough to cash out before the market imploded. They thought tariffs were just noise — a showy distraction to keep Trump’s voter base entertained while they quietly skimmed profits off the top.

But now the roulette wheel has stopped spinning, and all those bets are coming due. Trump’s trade war is finally hammering the economy like a sledgehammer in a china shop. Tariffs on China? Up to 20%. Mexico and Canada? They’re on the chopping block next. The Atlanta Fed’s GDP tracker says the economy might already be shrinking, but Trump’s White House is still playing dress-up, calling this mess a “transition.”

Kevin Hassett — still staggering around in public pretending to be an economist — insists everything will calm down by April, as if the stock market works on the same timeline as your dentist appointments. Meanwhile, Trump’s Treasury Secretary Scott Bessent insists this is just a “detox,” like the economy is some booze-soaked college dropout who needs to sweat it out in a basement.

But don’t worry, Trump’s Commerce Secretary Howard Lutnick swears there’s “no recession coming.” That’s adorable — like a man shouting “This ship is unsinkable!” as the water reaches his chin.

Even Trump couldn’t resist throwing out his signature nonsense. “We’re bringing wealth back to America,” he assured Fox News viewers — a statement that probably sounded comforting right up until the moment they checked their portfolios and realized their “wealth” is now buried somewhere next to Jimmy Hoffa.

Meanwhile, Bitcoin is crashing faster than a drunk cyclist — down from $106,000 to $80,000 in just weeks. Turns out even imaginary money isn’t safe when Trump starts swinging his tariff hammer.

But no one could have predicted this. Nope. Not the voters in MAGA hats who believed Trump’s economic “genius” was going to fix America with import taxes and cheap slogans. Not the Wall Street gamblers who thought they could skate through the chaos. Not the investors who thought Elon Musk’s proximity to Trump would protect them.

They all knew. They just thought someone else would take the hit. Now they're sitting in front of their financial wreckage, stunned — like kids who set off fireworks indoors and can’t believe the couch is on fire.

So here’s to the voters who believed in Trump’s master plan — the ones who swore tariffs would turn America into an economic powerhouse and thought a man with six bankruptcies and a golden toilet was some kind of financial wizard. You cheered while Trump slapped tariffs on everything that moved, convinced this chaos was just part of his “genius strategy.” Now you’re staring at your portfolio like a blackjack player who hit on 19 and can’t believe they lost. You wanted this, you begged for this, you voted for this.

And if you’re one of those Wall Street analysts pretending this economic collapse came out of nowhere? Please — you knew. The only people truly shocked by this are the ones who never had a functioning frontal lobe to begin with.

(Fear and Loathing : Closer to the Edge)

[cryptonewscentral]

📉💥 Bitcoin's wild ride takes a shocking turn as the market experiences a dramatic $10,000 plunge! What caused this sudden drop? 🌪️ From a weakening US economy to the Fed's looming decisions, dive into the reasons behind the turbulence. 🧐💰

[wecoinverse]

📉 Bitcoin tumbles to $53K!

Analysts caution that this might just be the beginning.

Stay tuned for more updates on this volatile journey. 💡

[vxtxnxcxnxix]

There's no question that Shiba Inu (CRYPTO: SHIB) had an incredible run in 2021.

The dog-themed cryptocurrency jumped from $0.000000000133 (nine zeros) at the end of 2020 to $0.000033 (four zeros) at the end of 2021, skyrocketing around 26,000,000% as major cryptocurrency exchanges allowed trading in SHIB and meme coins remained popular after the earlier rise of Dogecoin (CRYPTO: DOGE).

After the meme coin shaved off five decimal zeros from its price, some are calling for the coin to eventually reach $1. From its current price of $0.000021, that would mark a gain of roughly 4,700,000%. Considering how far Shiba Inu has already come, it may seem realistic for the coin to gain another 4,700,000%, but basic math is standing in the way.

Shiba Inu trades for such a small fraction of a penny because its supply is so large. There's currently a supply of 549 trillion SHIB tokens in circulation, giving it a market cap of around $11 billion. If those tokens were worth $1 each, SHIB's market cap would be $549 trillion, roughly 200 times bigger than Apple, the world's most valuable company, and more than six times the world's annual GDP.

In other words, Shiba Inu reaching $1 would likely require a massive reordering of the world economy. That's not going to happen. However, there is a caveat.

The only way SHIB can reach $1

There are two ways for Shiba Inu's value to increase. One is that traders simply bid up the price. The other is for the supply to decrease, which should make the remaining coins more valuable. In order for this to happen, the coins have to be taken out of circulation, or burned, as traders usually call it, by being transferred to dead wallets.

It's not unusual for this to happen. In fact, according to Shibburn, a website that tracks the burning of Shiba Inu coins, 410 trillion Shiba Inu coins have already been burnt. Nearly all of those coins were taken out of circulation by Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH) who was gifted half of the 1 quadrillion Shiba Inu coin supply by the anonymous Shiba Inu founder. Buterin did so because he felt uncomfortable controlling so much of the supply of the cryptocurrency.

According to Shibburn, at the time of writing, 62 million Shiba Inu coins had been burned in the last 24 hours. While that might sound like a lot, at that rate it would take a little more than two weeks to burn 1 billion coins, and 40 years to burn 1 trillion. The burn could accelerate if there were an organized movement among SHIB holders, which could pick up steam if the value of SHIB continues to drop. However, there's a clear disincentive to burning the coins. If the value begins going up, it's in the interest of holders to keep their coins rather than burn them, and the decentralized nature of cryptocurrency makes it unlikely that there will be an organized movement powerful enough to substantially reduce the number of coins.

What's next for Shiba Inu

Since its peak at $0.88 at the end of October (2022?), Shiba Inu has lost more than 75% of its value, and other cryptocurrencies have fallen sharply as well. Bitcoin (CRYPTO: BTC) is down nearly 50% from its all-time high, as is Ethereum. Cryptocurrencies have tumbled amid broader jitters in the stock market over rising interest rates.

It's impossible to predict where the crypto currency market will go next, but the most highly inflated assets during the pandemic have already fallen sharply.

At this point, another Shiba Inu rally seems unlikely, and reaching $1 is nearly impossible.

Source:

https://www.nasdaq.com/articles/the-only-way-shiba-inu-will-ever-reach-$1

After October 22

Bitcoin Futures at the CME

ETF funds for Bitcoin

Crypto companies (stocks tend to gain as Bitcoin gains)

Cryptocurrency brokers sell derivatives

What’s next?

Coinbase announced AI 🤖 bot and how to create your own trading bot in 3 minutes using artificial intelligence

Price of Shiba at the time of this post (1:55am 10/30/2024)

0.00001910

Newark NJ

[cryptokid3]

Bitcoin slumps 10% to trade at $54,333, heaviest weekly loss since FTX collapse, crypto market sell-off at $760 million

Bitcoin tumbled over 10 per cent at one point, before bouncing to trade at $54,333 at 9.17 am in Singapore on August 5, Bloomberg reported. The digital currency in fact had its worst week since the FTX collapse shook crypto markets in 2022, losing 13.1 per cent over the past seven days, it added. Later in the day, near 7 am in London, Bitcoin was trading lower at $53,100; and Ether shed over a fifth of its value before paring some of the slide to change hands at $2,360, as per a Bloomberg update. Most major coins, including meme-token Dogecoin, were deeply in the red. The world's largest cryptocurrency is under pressure due to risk aversion in global markets, and even smaller tokens such as Ether and meme-themed Dogecoin sank under “heavy losses”, the report said. Early in the day, Ether slid to its weakest since mid-January and was last down 16 per cent at $2,300, Reuters reported.

Crypto Sell-off As much as $760 million of bullish crypto positions using derivatives were liquidated in the past 24 hours, Coinglass data showed, a sign of leveraged bets coming unstuck, Bloomberg reported. Himanshu Maradiya, Founder and Chairman, CIFDAQ said that the selloff in cryptocurrency markets, including Bitcoin, can be attributed to a confluence of economic factors and one of the major repayments. “This one significant repayment of approximately $8 billion worth of BTC related to the Mt. Gox bankruptcy, caused investor anxiety about increased market supply. Weak US labour data and subsequent recession fears have prompted expectations of deeper rate cuts by the Federal Reserve, causing investors to shift their assets towards safer options. This movement has not only affected high-yielding currencies and equities but also significantly impacted the crypto market,” Maradiya said. He added that as markets react to these economic signals, Bitcoin and other cryptocurrencies are experiencing heightened volatility.

Concerns Over Economic Outlook, AI According to Bloomberg, growing concerns around the global economic outlook and questions of a possible bubble created by heavy investments into artificial intelligence (AI), have pushed global stock selloffs and impacted the crypto side as well. Further, markets have displayed “skittishness” given the tense geopolitical situation in the Middle East, and while they await the United States Federal Reserve's (Fed) upcoming policy meet outcome. Bond traders have amplified bets on US interest-rate cuts beginning in September to support economic expansion. The volatility in stock markets has “increased the likelihood of less restrictive monetary policy coming sooner rather than later — a good thing for crypto,” Sean Farrell, head of digital-asset strategy at Fundstrat Global Advisors LLC told Bloomberg.

Bitcoin's Position In the US, Bitcoin exchange-traded funds (ETFs) saw their largest outflows in around three months on August 2. Its moving average price also slumped, with Tony Sycamore, market analyst at IG Australia Pty, noting that the technical chart pattern “opens the way for a deeper pullback” toward $54,000. The token hit a record $73,798 high in March 2024, but has since been pulled back by various factors including uncertainty ahead of the US presidential elections race in November. Notably, Republican candidate Donald Trump has positioned himself as “pro-crypto”, while opponent and Democratic nominee Kamala Harris has yet to outline her policy stance on digital assets, Bloomberg report said. The cryptocurrency is off nearly 20% from its March 2024 high, as per the Reuters report.

Also hanging over the market are possible sales of Bitcoin seized by governments and the risk of a supply overhang from tokens returned to creditors through bankruptcy proceedings. Bitcoin is still a lucrative investment. Its year-to-date (YTD) advance has moderated to around 25 per cent, compared with gold's 18 per cent ascent and a 9 per cent climb in global stocks, the Bloomberg report added. “We anticipate that the current correction phase will pave the way for more stable growth as the macroeconomic landscape stabilises. Our analysis suggests that despite short-term fluctuations, the underlying fundamentals of Bitcoin and the broader crypto ecosystem remain strong, positioning them for resilience and long-term potential,” Maradiya added.

www.cifdaq.com

[cryptotokenmedia]

Crypto Stocks Tumble as Digital Coins Fall Amid Trump’s Plans.

Crypto Stocks Plummet as Trump’s Bitcoin Reserve Plan and Economic Worries Shake Markets Shares of cryptocurrency-related companies, including Strategy (MSTR), Coinbase Global (COIN), and MARA Holdings (MARA), fell sharply on Monday as Bitcoin and other digital assets declined. The decline was caused by fears over former president Donald Trump’s recently announced federal Bitcoin strategy reserve…

[cgnews]

Bitcoin ETF investors hold solid in spite of a 25 % BTC price decrease: Here's why

United States Bitcoin ETFs jointly take care of $ 115 billion in possessions Since mid-February, Bitcoin ETFs have observed complete outflows of virtually $ 5 billion Bitcoin’s decline proceeds as marketing stress increases Even as Bitcoin’s price has actually tumbled 25 % because the beginning of 2025, a staggering 95 % of financiers in US place Bitcoin ETFs have held company, withstanding need…

[coraljellyfishtimemachine]

POST BY CIFDAQ

Even in a positive regulatory environment, BTC prices are tumbling. Want to know where they're headed next? Dive into our CIFDAQ Market Wrap to understand the current sentiment and market outlook.

Himanshu Maradiya Sheetal Maradiya Rahul Maradiya Jay Hao Anil Vasu Ankur Garg Shipra Anand Mishra Anuj Barasia Krunal Sheth Jay Hao

CIFDAQ #CIFD #ElevatedTradingExperience #BlockchainEcosystem #Web3Community #Bitcoin

www.cifdaq.com

[digicloudm]

Asian Stocks, Bitcoin Drop on Souring Sentiment: Markets Wrap

(Bloomberg) — Asian stocks followed US equities lower as continual shifts in US President Donald Trump’s approach to tariffs on trade partners whipped up market uncertainty and dented confidence in the economic outlook. Most Read from Bloomberg From Sydney to Hong Kong, equity gauges dropped, with shares in Japan tumbling almost 2% while a gauge of Chinese shares retreated after hitting a…

[dtpnews]

What is Trump’s Crypto Reserve Plan?

The crypto market gives and takes: After President Trump’s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher — and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.) The plan has spurred a lot of questions about how it would work and the…

[newsclickofficial]

Although Bitcoin (BTC) managed to recover most of its losses over the weekend after tumbling as low as $78,258 on February 28, the premier cryptocurrency has created a massive new Chicago Mercantile Exchange (CME) gap, raising concerns that the digital asset may witness another pullback to the low $80,000 level. Bitcoin Not Out Of The Woods Yet According to an X post by crypto analyst Rekt Capital, BTC filled two key CME gaps over the weekend – one between $78,000 and $80,700, and another between $92,800 and $94,000. The wide range of prices reflects the extreme volatility witnessed by the top cryptocurrency over the weekend. As a result of this volatile price action, BTC has now created a new, massive CME gap between $84,650 and $93,300. Rekt Capital added that while the bottom may have been reached at $78,258 during the downside deviation, it does not necessarily mean that BTC won’t revisit that price level. Source: Rekt Capital on X For the uninitiated, a Bitcoin CME gap is the price difference between Bitcoin’s closing price on the CME futures market and its opening price the next day, created because the CME closes over the weekend while the spot market continues to trade. Past data indicates that CME gaps often work as price magnets. That said, even if BTC hits the lower end of the latest CME gap at $84,650, it would still constitute a higher low relative to Friday’s low of $78,258. Rekt Capital concluded by saying that as long as BTC holds the macro support at $93,500, “any short-term downside volatility will only present opportunities.” Fellow crypto trader Merlijn The Trader remarked that “volatility is about to go parabolic” following the creation of the new massive CME gap. According to data from Coinglass, heightened price volatility has already led to liquidations worth over $900 million in the past 24 hours. Another crypto analyst, Will, noted that the general sentiment around BTC is too euphoric for a retest of a previous accumulation range. The analyst added that they are eyeing the mid $70,000 range to accumulate BTC. Source: Will on X Analyst Suggests More Downside For BTC While BTC currently trades close to the $90,000 level, analysts believe that the top digital currency by market cap could slip to $74,700. Crypto analyst Ali Martinez recently highlighted that historically, BTC tends to rebound from long-term support levels, which currently sit in the mid $70,000 range. In related news, Coinbase analysts remarked that BTC’s price is struggling due to the absence of any major near-term positive catalysts. In particular, the recent Bybit hack and heightened macroeconomic uncertainties are likely contributing to BTC’s woes. On a positive note, spot Bitcoin exchange-traded funds (ETFs) are finally starting to see net inflows once again. At press time, BTC is trading at $90,170, down 1.5% in the past 24 hours. BTC trades at $90,170 on the daily chart | Source: BTCUSDT on TradingView.com Featured Image from Unsplash.com, Charts from X and TradingView.com

[kkm-daily-dispatch]

What is Trump’s Crypto Reserve Plan?

The crypto market gives and takes: After President Trump’s plan for a national crypto reserve drew backlash from both Republicans and investors, the prices of digital tokens that would be involved soared higher — and then tumbled. (Bitcoin was trading at about $83,800 early on Tuesday, down nearly $10,000 from a day ago.) The plan has spurred a lot of questions about how it would work and the…

[kkmfastnewsup]

Bitcoin slides from all-time high

A week-long rout in Bitcoin deepened amid the recent broader retreat from risky assets in the wake of US President Donald Trump’s tariff threats and crypto sector turmoil, marking a dramatic reality check for one of the most popular Trump trades.The original cryptocurrency tumbled as much as 7.2% to $78,226 at one point Friday, bringing its decline from the all-time high reached less than six…

[xcmnews24]

As bitcoin's (BTC) price wilts, traders on crypto exchange Bitfinex are living up to their reputation of being dip buyers, offering some hope to battered crypto bulls given their track record of predicting market peaks and troughs.The number of bitcoin bought on Bitfinex with borrowed cash, a bet that the BTC price will rise and leave the investor with a profit once they've repaid the loan, has risen to more than 60,000 BTC from 50,773 this month. It's jumped 2% in the past 24 hours alone, according to data from Coinglass and TradingView.The increase in so-called margin long positions is a vote of confidence in the largest cryptocurrency, which has lost more than 20% this month and is on track for its worst monthly performance since June 2022.Bitfinex traders are mainly whales — or holders of large amounts of bitcoin — who dabble with margin longs. They are known for accurately signaling bitcoin tops and bottoms and tend to accumulate during downtrends or rangebound markets, as they did in the middle of last year.Looking at a five-year timeframe, margin longs have consistently increased holdings during price swoons and reduced exposure near market peaks. This pattern was evident during the 2021 and 2024 market tops.As the crypto market tumbles, crypto market sentiment is in a state of extreme fear, according to Coinglass' Crypto Fear & Greed Index. Over the past year, the market has only seen four days of extreme fear. It's been dominated by greed and extreme greed for over 230 days. Original Source: Read More Here Read the full article