**Bitcoin's Wild Ride: From Pump to Dump Below $54K**
Bitcoin (BTC) soared to $57K after the U.S. jobs report, but the party didn't last long. A sharp reversal sent BTC crashing below $54K, the lowest since August 5, shedding nearly 3% in 24 hours. Major altcoins like Ether (ETH), Solana (SOL), XRP, and Cardano (ADA) also tanked, posting losses of 2-4%.
The chaos liquidated $50 million in leveraged positions within an hour, blindsiding bullish traders, according to CoinGlass. The $3,000 price swing was the widest since August 28.
U.S. stocks weren't spared either, with the Nasdaq down 2.5% and the S&P 500 sliding 1.6%. Fed governor Waller hinted at "front-loading rate cuts," while Fundstrat’s Sean Farrell suggested a modest 25 basis-point cut could soothe asset markets.
Volatility is the name of the game—who's in for the ride?
please follow and support me.