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Crypto Rollercoaster: Market Swings 10% in Wild May 3 Session as Whales Play Ping-Pong
Crypto Rollercoaster: Market Swings 10% in Wild May 3 Session as Whales Play Ping-Pong
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Bitcoin giveth, Bitcoin taketh away—today’s 7% pump-and-dump left traders scrambling like degens at a free airdrop. The usual suspects: overleveraged longs getting liquidated while Wall Street’s ’risk management’ algorithms took a coffee break.
Altcoins bled harder than a startup’s runway. Ethereum briefly kissed $3.5K before reality hit—apparently the ’ultrasound money’ narrative doesn’t prevent 20% corrections when macro winds shift. Meanwhile, memecoins proved yet again they’re the crypto market’s id—pepe (PEPE) somehow mooned 40% before giving back half.
Regulators? Still ’monitoring the situation’ from their 2015 Blackberries. The only certainty: tomorrow’s gonna hurt—for someone else’s portfolio, obviously.
The global crypto market cap is $2.99T, down 1.03% today. It was a wild day with big gains, sudden crashes, and surprises. From StakeStone soared 70% to XRP Price crash, there are some major news influencing t... Read More
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