In-depth analysis of the truth behind xUSD’s de-pegging: The domino crisis triggered by the October 11 crash. | Bee Network
LoginTrending NewsAI AgentsMeme LaunchpadDeSciTopChainExplorerFor Newbee100x CoinsBee GameEssential WebsitesMust-Have APPCrypto CelebritiesDePINRookies EssentialTrap DetectorBasic ToolsAdvanced WebsitesExchangesNFT ToolsWeb3 UniverseGamesDAppBee HiveGrowing PlatformADRecharge CoinsLoginWeb3 UniGamesDAppBee HiveADhomeAnalysisAnalysisWyatt@OdailyChina@wenser2010officiallythe xUSD pricecrypto@DeBankDeFi@CCNDotComNewsreport on the event in detailinformation on selling volatility can be found hereplease see herepreviously detailed in an articlewhat permanent changes cryptocurrency trading might undergo after “Red Friday.”defiAn introduction to recursive loops can be found hererefer to this article@infiniFi@StaniKulechov,@aave,published an articlewhich can be found hereAnother good suggestionRelated: 20 billion liquidation day: How did the dominoes of “revolving loans” fall?
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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