The post Bitcoin Flash Crash, Trump Token Dumps, and Exchanges are Down? appeared on BitcoinEthereumNews.com.
Bitcoin Flash Crash Rocks the Market In a stunning turn of events, Bitcoin’s price plummeted from $106,000 to $100,000 in a matter of minutes earlier today. The flash crash sent shockwaves through the market, erasing billions in market capitalization. Volume Spike: The crash was accompanied by a massive surge in trading volume, indicating a significant liquidation event. Investor Reaction: Traders are scrambling to assess the reasons, with speculation ranging from whale sell-offs to technical issues on major exchanges. Despite the drop, Bitcoin has already started showing signs of recovery, hovering around $101,500 at press time. BTC/USD 30-mins chart – TradingView Donald Trump Token Takes a Hit Adding to the market drama, Donald Trump’s meme coin ($TRUMP) experienced a flash crash of its own. Reports indicate a major wallet dumped a large number of tokens, creating panic among holders. What Happened? The wallet in question did not acquire these tokens through purchase, sparking concerns over a potential exploit or insider activity. Market Reaction: TRUMP’s price tanked from $72 to $44, a sharp 36% decline, leaving investors on edge. As the crypto community speculates on the cause, this incident raises questions about the stability of high-profile meme coins. Melania Coin’s Crashes Jupiter Exchange Meanwhile, Melania Trump made headlines with the launch of her own meme coin, MELANIA, which surged past $8 shortly after its debut. However, the launch wasn’t without hiccups: Jupiter Exchange Down: The decentralized exchange Jupiter, a key platform for swapping Solana tokens like MELANIA, faced outages as users flooded the site to trade. Growing Interest: Over 22,000 wallets now hold MELANIA tokens, with a fully diluted market cap surpassing $8 billion. You can learn more about Melania’s coin and how to buy it here. Phantom Wallet Faces Overload Amid Melania Coin Frenzy The Phantom Wallet, a leading Solana-based crypto…