BTCTrade

$BTC Bitcoin Trade News Today (May 8, 2025)Market Overview:Price Movement: Bitcoin (BTC) has been experiencing bullish momentum recently, with prices climbing past $95,000 earlier this week, driven by optimism surrounding U.S.-China trade talks and potential de-escalation of tariffs. As of today, Bitcoin is trading around $91,000–$95,000, showing resilience despite some pullbacks.Market Sentiment: The crypto market has added significant value, with the aggregate market cap reaching approximately $3 trillion, fueled by positive trade war rhetoric and strong inflows into Bitcoin ETFs. Posts on X indicate a strong bullish sentiment, with traders noting Bitcoin flipping resistance into support and preparing for a potential new all-time high (ATH).Key Influences:U.S.-China Trade Talks: Optimism over a possible reduction in trade tensions has bolstered demand for riskier assets like Bitcoin, contributing to a 5% price surge earlier this week.Strategic Bitcoin Reserve: The U.S. government's push for a Strategic Bitcoin Reserve, signed into law by President Trump, continues to support market confidence. New Hampshire has also become the first U.S. state to allow government investment in Bitcoin, signaling growing institutional acceptance.Institutional Adoption: Major financial institutions like Charles Schwab and Morgan Stanley are exploring spot crypto trading, while CME Group plans to launch XRP futures, indicating broader crypto market integration.Regulatory Developments: U.S. banking regulators have eased restrictions on crypto-related activities for banks, potentially increasing liquidity and institutional participation.Recent Performance:Bitcoin briefly surpassed $97,000 last week amid a broader crypto rally, though it remains about 16% below its all-time high of over $109,000 from January 2025.Despite a 10% slide during Trump’s first 100 days due to tariff-related uncertainty, Bitcoin has rebounded by approximately 30% from its April lows.Analysts suggest Bitcoin could surpass $140,000 if global trade tensions ease and the Federal Reserve resumes rate cuts.#BTCtrade

In a wild moment that sent shockwaves across the crypto community, Bitcoin briefly showed a jaw-dropping 100% drop — all the way to $0 — on the MEXC exchange.
But what really happened? Let’s break it down. 👇

⚠️ The Shocking Drop to $0

Bitcoin was trading smoothly between $101,000 and $105,000 after recovering from a recent dip. Then out of nowhere — BOOM 💥 — on MEXC, TradingView charts showed $BTC crashing to zero.
Veteran trader Crypto Beast quickly flagged the issue to his 700K+ X (Twitter) followers, claiming the glitch triggered a liquidation storm for long positions.
The charts looked scary. But was it real? 🤔

🛠 MEXC Responds: "Just a TradingView Glitch"

MEXC’s developer team, MEXC Builders, quickly stepped in with a public post on X to clear the air.
> “Bitcoin did not drop to $0 on our platform. No long positions were liquidated due to this event,” they stated.

So what went wrong?
Turns out, it was a TradingView visual bug — nothing more. And within seconds, Bitcoin’s price was back to normal: $104,856 — same as other major exchanges.

🧠 Context: This Isn’t the First Time...

This isn’t new. Price glitches have happened even on top-tier exchanges like Binance.
👉 In Dec 2023, Bitcoin’s futures price on Binance spiked from $42,000 to $420,000 — a visual bug, not a real trade.
👉 Just 3 months earlier, BTC fell from $21,700 to $2,707 in another glitch.
Even XRP saw a spike to $62,032 on Kraken in June 2024 after TradingView earlier showed it at $9,864.
None of these events impacted actual trades — but they sure caused panic.

📌 Key Takeaway

Before jumping to conclusions, always verify the source of the data. Sometimes, it’s not the market — it’s the screen you’re watching it on. 💻
If you're trading based on visuals alone, you're not investing — you're gambling.
💬 What do you think? Should exchanges improve UI error handling or is this just part of the game?
$BTC
Let’s talk below. 👇
#BTCtrade