In-depth analysis of the truth behind xUSD’s de-pegging: The domino crisis triggered by the October 11 crash. | Bee Network
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The price of Bitcoin plummeted from a high of $117,000, falling below $110,000 within hours. Ethereum’s drop was even more severe, reaching 16%. Panic spread through the market like a virus, causing numerous altcoins to experience flash crashes of 80-90%. Even those that subsequently rebounded saw drops of 20-30%. In just a few hours, hundreds of billions of dollars were wiped out of the global crypto market. On social media, wails echoed, with languages from around the world blending into a single mournful song. But beneath the surface of panic, the true chain of transmission was far more complex than it appeared. The starting point of this collapse was a sentence from Trump. On October 10, US President Trump announced via social media that he planned to impose an additional…# Analysis# crypto# defi# Market# Token# ToolPre
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