Crypto Bloodbath: Bitcoin and Pepe Coin Slide Wrecks Investor Portfolios

Another day, another dollar lost—unless you’re holding crypto. Bitcoin’s latest nosedive drags meme darling Pepe Coin down with it, leaving bagholders like James Wynn staring at red candles and regret.

Volatility? In crypto? Groundbreaking. Traders who chased the hype now face the oldest lesson in finance: what goes up must crater—especially when fueled by memes and leverage.

Meanwhile, Wall Street quietly sips champagne, watching retail investors learn the hard way that ’number go up’ isn’t an investment strategy.

James Wynn losses mounted as Bitcoin and Pepe slipped

These liquidations coincided with Bitcoin and other altcoins falling while traders took profits amid ongoing trade concerns. While a U.S. court ruled that Trump’s tariffs were illegal, another one allowed them to continue for the time being.

In a separate statement, Scott Bessent, the Treasury Secretary, dampened market sentiment by saying that talks with China had stalled. He believes the only way out of the crisis will be a meeting between TRUMP and Xi Jinping.

On the positive side, as we have written before, there are chances that his existing Bitcoin trade will become profitable as the coin has formed a cup and handle and a bullish flag pattern on the daily chart, pointing to an eventual surge in the next few days.

Similarly, as we wrote here, Pepe Price may stage a strong breakout amid whale accumulation. It has also formed a bullish flag and a golden cross pattern on the daily chart.