this post was submitted on 11 Oct 2025
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[–] LustyArgonianMana@lemmy.world 0 points 3 days ago (4 children)

Anyone notice how far crypto dropped? I think Tesla's next, then maybe AI at same time or right after

[–] maus@sh.itjust.works 10 points 3 days ago

Zoom out past a week? 5-10% swings are not uncommon.

[–] Knock_Knock_Lemmy_In@lemmy.world 5 points 3 days ago* (last edited 3 days ago)

Crypto had it's black monday.

The fall may have been accelerated by portfolio insurance hedging (using computer-based models to buy or sell index futures in various stock market conditions) or a self-reinforcing contagion of fear

Algorithms and feedback loops gummed up all the crypto exchanges and liquidity disappeared.

The crypto tide went out and we all saw who wasn't wearing any shorts.

[–] TomArrr@lemmy.world 4 points 3 days ago

Isn't crypto being massaged by trump atm, so erratic is kinda the new normal? (And, not erratic from trumps view)

[–] Alaknar@sopuli.xyz 1 points 3 days ago

Wasn't that just a temporary drop so that some whales could get richer on shorts?