Bitcoin's Wild Ride: What Really Happened?

USATue Oct 14 2025
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Bitcoin took a wild ride over the weekend. Prices dropped sharply after President Trump announced plans for new tariffs on Chinese goods. But by Monday, things had calmed down. Some people think someone made a huge bet against Bitcoin just before the news broke. They even think it might have been someone close to the President. But there's no proof of that yet. The market saw a lot of activity. Around $19 billion in crypto trades were wiped out in just 24 hours. That's a lot! But it's not clear if one big trade caused all this. The drop happened across many markets, not just Bitcoin. So, it might have been a mix of things.
There's talk about insider trading. But for that to be true, someone would have had to know about the tariffs before they were announced. And they would have had to break some rules to use that information. Bitcoin is treated like a commodity, so the Commodity Futures Trading Commission would be in charge if something like that happened. Looking ahead, the market will likely keep moving based on what happens with the tariffs. If things get worse, Bitcoin could drop more. But if things calm down, it might go back up. There are a few things to watch, like how much people are betting on Bitcoin and how stablecoins are moving. The big question is: was this all just a coincidence, or did someone know something they weren't supposed to? Without more proof, it's hard to say. But one thing is clear: the market is still figuring out what happened.
https://localnews.ai/article/bitcoins-wild-ride-what-really-happened-38e9de10

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