Crypto Crash: BTC Plunges to $62k, Trader Loses N1.3bn Trading PEPE on Binance, Heartbreak Ensues.

As Bitcoin's price tumbled below $62,000 (N74,431,000) on Saturday, April 13, a young trader experienced a devastating blow, losing his entire fortune to the volatile crypto market. Pinning his hopes on PEPE altcoin and leveraging 3x to amplify his gains, the trader neglected risk management, resulting in a staggering loss of $1.14 million (N1,368,570,000) on Binance.

With the imminent Bitcoin halving sparking optimism for price surges, the trader went all in on PEPE, only to see his position liquidated amidst the BTC price dump. This cautionary tale underscores the importance of prudent risk management and highlights the unforgiving nature of crypto trading. #CryptoCrash #RiskManagement #PEPE #Binance