How This Crypto Trader Lost $1M in 12 Hours Due to Elon Musk?

Quick Summary:

Like any financial market, the crypto trading market often witnesses price fluctuations and different trends, which play a major role in the crypto’s price performance.

However, if a crypto trader fails to understand the market, he can incur heavy losses.

The prime example is this trader, who lost $1M after the Tesla owner’s actions crashed the token price.

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Article Details

Author / Journalist: Pooja Khardia

Category: Crypto

Markets: India

Topics: Elon Musk News Crypto trading Crypto trader 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-02 @ 10:36:13 (4 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 40 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 24815754

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 29 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #59

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