Well, well, well, what do we have here? Bitcoin (BTC), the granddaddy of digital currencies, decided to give everyone a little heart palpitation on Tuesday by dipping below $113,000 for the first time in over two weeks. This little stunt managed to trigger over $101 million in leveraged long position liquidations, which is a fancy way of saying a lot of people lost a lot of money really fast. 😅
Just days earlier, Bitcoin had been basking in the glory of hitting an all-time high (ATH) of $124,196 on August 14, leading many to wonder if the crypto bull was starting to feel a bit sluggish. At the time of writing, Bitcoin has mustered up a bit of pride and clawed back to $113,632, down a modest 1.12% in the past 24 hours, with a 24-hour trading volume of $72.7 billion, according to CoinMarketCap, the go-to site for crypto enthusiasts who can’t get enough of numbers. 📊
Why the Drop Happened?
The plunge gained steam after whispers started circulating that the U.S. Securities and Exchange Commission (SEC) is poking around an alleged fraud and stock manipulation case at Alt5 Sigma, a financial firm that recently inked a $1.5 billion deal with World Liberty Financial (WLFi). It’s like a soap opera, but with more zeros. 💰
[ ZOOMER ]
THE SEC IS CURRENTLY INVESTIGATING JON ISAAC, PRESIDENT OF TRUMP‘S $1.5B WORLD LIBERTY VEHICLE – ALT5 SIGMA, FOR INFLATING EARNINGS AND SELLING SHARES INTO THE PUMP IN TRANSACTIONS INVOLVING ALT5 SIGMA: THE INFORMATION
– zoomer (@zoomerfied) August 19, 2025
WLFi, co-founded by none other than the U.S. President Donald Trump, has raked in $550 million through token sales. Trump himself pocketed a cool $57.4 million from his stake in June, and his son Eric Trump is set to join Alt5 Sigma’s board. It’s a family affair, and not in the good way. 🤷♂️
As if that wasn’t enough, investors were further spooked by a 1.5% dip in the Nasdaq 100 after MIT NANDA research revealed that 95% of companies are failing to see quick returns from their AI pilot projects. To top it off, Washington’s new 50% import tariffs on 407 products sent shockwaves through the market, stoking inflation fears and making investors reach for their antacids. 🚨
All these factors combined to push investors into safer havens. UBS, the Swiss bank known for its conservative forecasts, raised its gold price prediction to $3,700 by 2026. Despite the panic, some analysts are quick to point out that fear often overshoots reality. Bitcoin’s long-term bull run is still very much alive, and the crypto might just find itself benefiting if investors start fleeing riskier stocks. 🦖🚀
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2025-08-20 15:02