Sharoon Habib

In an industry that thrives on real-time information, even a momentary glitch can send ripples across the entire cryptocurrency ecosystem. That’s exactly what happened on June 6, when Bitcoin's price briefly appeared to drop from over $103,000 to $0 on the charting interface of the MEXC exchange, sparking widespread alarm and triggering panic across crypto social media.

Was this a system failure? A flash crash? A hack? Or something else?
Here’s a deep dive into what happened, how the industry reacted, and what it means for crypto traders going forward.

📉 The Shock Drop: Bitcoin Goes to $0?
At the time of the incident, Bitcoin was trading between $101,000 and $105,000, having recovered from a minor correction earlier that week. Suddenly, a glitch in MEXC’s TradingView interface showed Bitcoin collapsing 100% to $0, effectively erasing all of its value within seconds—at least on the chart.
This massive discrepancy wasn’t reflected on other exchanges like Binance, Coinbase, or Kraken. But for traders using MEXC’s platform—especially those with leveraged long positions—it was a shocking visual, and many feared their positions were being liquidated en masse.

🧵 Community Reaction: Panic, Accusations, and FUD
The crypto community wasted no time reacting. Prominent trader and influencer Crypto Beast, who has over 700,000 followers on X (formerly Twitter), posted a screenshot of the price plunge, warning that it may have caused mass liquidations on MEXC.
His post quickly went viral, prompting a flurry of posts accusing MEXC of mismanagement, price manipulation, and even fraud. Words like “scam,” “rug,” and “exit” began to trend in comment threads.
Given the history of exchange collapses in the crypto space, these types of glitches often trigger the worst fears—even when no real financial damage occurs.

🛠️ MEXC Responds: “Just a Display Bug”
In response to the public outcry, the MEXC Builders team issued a formal explanation via their official X account. Their post clarified the situation:
Bitcoin did not actually drop to $0 on the MEXC exchange.
The glitch was limited to the TradingView chart display, and no trades were executed at the erroneous price.
No user funds were affected, and there were no liquidations caused by the bug.
The team emphasized that the core trading engine and risk control systems were functioning normally throughout the incident. In other words, it was a front-end display error, not a backend execution issue.

🧩 Root Cause: TradingView Data Feed Issues
While MEXC clarified its side, TradingView, the third-party charting tool embedded into the exchange's interface, has yet to release a public statement about the glitch.
TradingView is a widely-used platform integrated into many crypto exchanges for real-time charting and technical analysis. These types of glitches typically result from brief inconsistencies in price feed aggregation or server-side rendering, rather than intentional manipulation.
In this case, it's likely that a corrupted or missing data packet caused the BTC price to render as zero on the chart, triggering a momentary visual shock to users.

📚 A History of Crypto Price Glitches
This isn’t the first time the crypto space has witnessed bizarre pricing glitches. Despite the sophistication of modern platforms, display errors still occur—sometimes on the biggest exchanges in the world.
🔺 Binance Glitch #1 – December 2023
On Binance’s futures trading interface, Bitcoin’s price spiked from $42,000 to $420,000 due to a similar TradingView display malfunction. This occurred for just a few seconds but was captured and widely shared by users.
🔻 Binance Glitch #2 – September 2023
Just three months prior, a bug on the same platform caused BTC to appear to crash from $21,700 to $2,707. Again, Binance confirmed it was a charting error that did not affect real trades or account balances.
💸 XRP Glitch on Kraken – June 2024
One of the most exaggerated examples occurred when XRP was briefly shown at $62,032 on Kraken—far above its actual market value. A few days earlier, a similar glitch had shown XRP at $9,864 on TradingView. These misreads are typically caused by incorrect candle data rendering or rogue API feed values.

💡 Lessons for Traders: Visual ≠ Actual
These incidents underscore a crucial point that many traders overlook:
> What you see on a chart isn’t always what’s happening in the market.
When glitches like this occur:
Verify actual trade executions and order book activity, not just candles or visual indicators.
Cross-check prices with multiple exchanges.
Look for official announcements from the exchange and TradingView.
Avoid panic selling or rushing to close positions during unexplained price swings.
While liquidations can occur during true flash crashes, display glitches—especially on TradingView are usually non-impactful from a trading execution perspective.

✅ Current Status: Price Normal, No Impact
As of this writing, Bitcoin has stabilized at around $104,800 on MEXC, which is in line with its valuation across other major platforms. The glitch appears to have lasted only a few seconds and did not result in any actual financial damage or executed trades at $0.
Still, the event has renewed conversations around platform reliability, data feed transparency, and the need for better user alerts when such anomalies occur.

🧭 Final Thoughts: Trust, But Verify
In the fast-paced world of crypto, where fortunes can be made or lost in minutes, data integrity is everything. Even a visual bug can erode trust if not quickly addressed with transparency and technical clarity.
MEXC’s response helped cool the panic, but this event serves as a timely reminder to every trader:
Stay informed.
Use multiple tools.
And never assume that what you see on one chart is the whole picture.
Glitches may be inevitable—but how you respond to them can protect your portfolio and peace of mind.

📌 Have you ever experienced a charting glitch or liquidation scare? Share your story in the comments. Let’s talk risk, tools, and how to stay ahead.
$BTC
#bitcoin #BTC #MEXC #CryptoNews #TradingViews

The political tech-bromance between Donald Trump and Elon Musk has officially combusted—and the fallout is massive.

Earlier this year, Trump made headlines when he purchased a red Tesla Model S, a surprising move considering his prior jabs at electric vehicles. At the time, it was seen as a symbolic peace offering to Musk—one of the few billionaire allies Trump hadn’t yet alienated. But that goodwill has evaporated. Trump has reportedly parked the Tesla for good, and his relationship with Musk is looking just as dead.

🔥 From Admiration to All-Out War
What sparked the fallout? A fiery critique from Musk aimed at Trump’s latest fiscal policy package—a sweeping tax-and-spending plan Musk publicly condemned as a “disgusting abomination.”
Trump, predictably, didn’t take the insult quietly. He fired back in Trumpian fashion: branding Musk as “totally unhinged” and accusing him of having “Trump Derangement Syndrome.” The gloves are off, and it’s no longer just a disagreement—it’s a full-on feud.

💥 $22 Billion in Government Contracts at Risk
This clash isn’t just about ego. It’s about empire-level money. Trump is reportedly threatening to cancel federal contracts awarded to Musk’s companies, including major deals with SpaceX.
SpaceX is currently sitting on about $22 billion in government contracts, particularly with NASA and the Department of Defense. If Trump manages to get back into the White House and follows through on his threats, Musk could be looking at major financial disruptions across his space and defense operations.
Musk initially retaliated by hinting at pulling SpaceX from NASA collaborations—an extreme measure that sent shockwaves through both the aerospace industry and Washington. But he quickly walked that back, possibly realizing the high cost of escalation.

📉 Tesla’s Brutal Market Reaction
Investors didn’t need long to react. Tesla stock went into freefall, plunging over 14% in a single day, wiping out an eye-watering $150 billion in market value. Although it has since recovered slightly, the damage is done: confidence has taken a major hit, and the broader tech sector is watching nervously.
Analysts say the sell-off was driven by fears of political risk and regulatory uncertainty, especially if Trump regains power and follows through with anti-EV rhetoric and policy rollbacks.

💸 Campaign Funds Pulled
Then there’s the political dimension. Musk, who had reportedly funneled up to $300 million into Trump’s 2024 campaign through a network of PACs and dark-money channels, is said to have slammed the brakes on all financial support.
That’s a massive blow to Trump’s re-election war chest—and potentially a strategic disaster. Without Musk’s backing, Trump loses a key Silicon Valley heavyweight and access to a tech-savvy donor base. For Musk, it’s a strategic gamble: distancing himself from Trump could win him favor with a broader swath of regulators and investors—but it also removes a powerful political ally.

👉 Why This Matters (Especially to Crypto)
This feud isn’t just a celebrity spat—it’s a political and financial earthquake with ripple effects touching everything from aerospace to crypto markets.
Both Trump and Musk have flirted with crypto-friendly policies. Musk has long been a driving force behind meme coins like $DOGE , while Trump recently started accepting crypto donations for his campaign and hinting at a pro-crypto stance. Their split could stall momentum in the regulatory space or fracture political support for crypto-friendly legislation.
More broadly, it’s a reminder of how personal rivalries at the top can trigger real-world consequences for markets and policy. For crypto traders and investors, that’s something to watch closely.

📌 TL;DR
Trump and Musk have publicly fallen out after Musk bashed Trump’s tax bill.
Trump retaliated with personal insults and is threatening to cancel federal contracts.
Tesla stock dropped 14%, losing $150B in market value in one day.
Musk may have pulled $300M in campaign funding from Trump.
The feud could shake up crypto policy, tech markets, and future political alliances.
The bromance is over. The stakes are higher than ever. And both sides look ready to escalate.

$DOGE
$PEPE
$SHIB
#crypto #Tesla #SpaceX #TRUMP #ElonMusk

If the buzz turns out to be true, we’re not just talking about bullish momentum — we’re talking about a potential paradigm shift.

Just imagine: the world’s largest asset manager making a move on $XRP 👇
That would signal powerful institutional backing, growing regulatory trust, and a possible spark for serious price action. 🚀

Here’s What BlackRock Could Mean for $XRP : • Influx of major capital
• Increased legal and regulatory momentum
• Reinforced credibility around XRP’s real-world use cases

This isn’t just another rumor — it could mark a pivotal moment in the crypto space.

👀 Stay sharp. Be ready.

💬 Would you make a big move if BlackRock confirmed involvement? Share your thoughts below ⬇️
#xrp #CryptoNews #InstitutionalAdoption #XRPCommunity #BinanceSquare