Crypto Crash! 3 Reasons BTC, ETH, XRP Took a Dive You Won’t Believe

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Crypto Crash! 3 Reasons BTC, ETH, XRP Took a Dive You Won’t Believe

Oh, look at that! The crypto rollercoaster just decided to give us all a free fall. Thanks, universe. Apparently, the market got bored and decided to tank because Elon Musk and Donald Trump are now feuding like a couple of overgrown toddlers. Who knew billionaires throwing tantrums could cause a $3.2 trillion market dip? 🎢💸

In a jaw-dropping turn of events, Bitcoin dipped below the magic number of $101,928.79—because why not? Ethereum’s down a casual 3.73% at $2,489, and Ripple? Oh, just a tiny 3.34% loss, bringing XRP down to a cool $2.13. All three are testing their support levels like they’re auditioning for a drama series—spoiler: if they fall, it’s going to be a financial disaster of epic proportions. 🚨

1. Crypto Liquidations: Over $595 Million Vanished Faster Than Your Paycheck

Picture this: in 24 hours, over $595 million evaporated faster than your New Year’s resolutions. A staggering 156,000 traders got rekt—the crypto version of a slapstick comedy, but with less laughter. The biggest dump? ETH/USDT on Binance dropping a whopping $9.48 million. Because nothing screams ‘fun’ like losing nearly ten million dollars in a blink. 💥

Crypto Liquidations Graph

Bitcoin and Ethereum led the charge, accounting for over $314 million in liquidations combined. The headline? Bulls got surprised, bears snacked. Long positions worth over $547 million were wiped out—yeah, those guys bought high and are now crying in their cereal. Meanwhile, shorts barely got a mention with just over $50 million liquidated. Nice work, market.

2. Elon Musk and Donald Trump Are Throwing More Than Tweets—Now It’s a Full-On Feud

Oh joy, just what the crypto market needed—a brawl between two billionaires. Elon Musk shot off a fiery tweet—because of course he did—calling for the “Bill” to be killed. Trump, naturally, responded with a general ‘hold my beer’—claiming ending Musk’s federal handouts could save billions. Genius, right? 🤯

Minutes later, Tesla stock tanked over 17%, wiping out a mind-blowing $100 billion. Yep, you read that right—more zeros than a bank vault. This chaos spilled into crypto, because clearly, who doesn’t want their investments tied to a billionaire playground? 🤑

🚨BREAKING: Trump claims ending Elon Musk’s federal support could save the U.S. “billions.”

Hours later, Tesla stock drops 17%, wiping out $100B in market cap.

— The Crypto Times (@CryptoTimes_io) June 5, 2025

3. Crypto Whales Are on a Selling Spree—BTC, ETH, XRP, and Shiba Inu Included 🐋

If you thought this couldn’t get messier, think again. Whales—those rich beasts of the crypto sea—are dumping assets faster than last night’s leftovers. In just an hour, one whale offloaded 917 BTC worth nearly $94.3 billion to Coinbase. Because nothing says ‘buy low, sell high’ like leaving everyone in the dust. 💸

And that’s not all—another big wallet dumped 26.67 million XRP onto Coinbase, probably to pay for more avocado toast. On top of that, 2.86 trillion Shiba Inu tokens were also tossed out there for good measure. Macro pressures? Political chaos? Who cares! The whales are flipping like pancakes, and we’re all here for the show.

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2025-06-05 23:35