In the world of cryptocurrency trading, fortunes can be made — and lost — in a matter of days. One such example is James Wynn, a crypto trader famous for using high leverage in his trades. Recently, Wynn faced one of the biggest losses of his career, losing over $60 million in just seven days.
What Happened?
The trouble began on May 19th, when Wynn opened a big trade on Bitcoin using 40x leverage. This means for every $1 of his own money, he borrowed $40 to increase his bet. He started with 5,520 Bitcoin at a price of around $103,300. Over the next few days, he kept increasing his position, pushing it past 9,300 Bitcoin and then above the $1 billion mark.
At first, it looked like a smart move. As Bitcoin’s price rose, Wynn’s trade showed unrealized profits of over $10 million. He even locked in some gains by closing part of his position. But the market soon turned against him. A drop in Bitcoin’s price, triggered by news about new U.S. tariffs on European goods, caused his position to lose value fast.
Wynn tried to recover by adding new trades and switching strategies, but the losses kept piling up. By May 26th, he had lost about $60 million, making it one of the steepest declines of his career. Despite the setback, he mentioned that his trading account still had around $25 million in profits from earlier trades.
Who Is James Wynn?
James Wynn became famous in the crypto world during the 2022 bull market. Back then, he reportedly got support from Alameda Research, a trading firm known for backing new crypto traders. Wynn gained attention for his aggressive trading style, using leverage levels as high as 40x to amplify his positions.
He made big profits trading Bitcoin and meme coins like Pepe Coin and Official Trump Token. His strategy involves reacting quickly to market moves and even using social media to share his positions, which sometimes influences other traders.
Shiba Inu (SHIB) price has been struggling near key support after recent market corrections. The token has been trading below a critical level, reflecting ongoing volatility. SHIB dropped from its December peak of $0.0000329 and remains in a downward trend. Analysts predict a possible rebound, but market conditions suggest uncertainty about its next direction.
Shiba Inu Price Analysis: What’s Next for SHIB in the Market?
Shiba Inu price dropped sharply as the broader meme coin market faced losses. After a strong start to March, assets like Dogecoin and SHIB saw a downturn. This decline pushed Shiba Inu lower in market rankings, reflecting the overall weakness in the crypto sector.
Meme coins, including Dogecoin, WIF, PENGU, BONK, and PEPE, have recorded notable price decreases. The trend follows the broader market correction affecting digital assets. Shiba Inu’s price movement has been in line with this sentiment, signaling uncertainty among traders.
Despite the slump, three potential catalysts could boost SHIB’s price. The most significant factor is its rising burn rate. On March 8, the daily burn rate surged by 3,250% to 29 million tokens. Since its inception, over 410 trillion SHIB tokens have been removed from circulation, reducing supply to 584 trillion.
Analyst Predicts Shiba Inu Breakout With 422% Surge
Crypto analyst reports indicate that the SHIB price may have broken out of a Falling Wedge pattern. The breakout suggests a potential price surge, with projections hinting at a significant increase. Analysts highlight that if momentum sustains, the asset could experience a rise exceeding 422%, targeting $0.00008841.
Market sentiment around Shiba Inu remains strong, with traders monitoring technical signals. The meme-based asset has drawn attention amid discussions about its bullish trajectory.
SHIB Price Dips; Key Levels To Watch
As of 9th March, the SHIB price is trading at $0.00001254, reflecting a 0.40% decline over the past 24- hours.
The price remains within a narrow range as bearish sentiment persists. Key support is holding near $0.00001, while resistance sits around $0.000015. SHIB has struggled to break past these levels, signaling weakened momentum.
The MACD indicator shows a negative trend, with the MACD line hovering below the signal line. The histogram reveals growing red bars, indicating selling pressure. If the MACD line fails to cross above the signal line, downward movement may continue.
The RSI stands at 33, moving closer to the oversold zone. This suggests weak buying momentum.
Shiba Inu price prediction remains confined to a tight price channel, failing to establish a strong upward trend. The recent drop signals continued weakness, with buyers hesitant to step in. A breakout above $0.000015 may shift momentum toward bullish territory, while a fall below $0.00001 could extend losses. A sustained move above $0.000015 could open doors for bullish to target $0.000018 and $0.00002 resistance levels.
To sum up, the Shiba Inu price remains under pressure, struggling to hold key support. Analysts observe mixed signals, with traders closely watching technical indicators. The market’s next move will determine if SHIB rebounds or continues its decline.
On April 6, 2025, veteran US President Donald Trump fueled the economic competition between the globe’s two greatest economies by imposing a blanket 50% tariff on all imports from China.
Dubbed as “Liberation Day,“ the action was designed to bring new life to American manufacturing, but instead set off a financial chain reaction that spilled well outside of conventional markets right into the center of crypto.
Global Market reaction on Tariffs
The initial response was pandemonium in all financial markets worldwide. The MSCI Asia-Pacific Index dropped more than 3%, and the Shanghai Composite plummeted by 4.7% an indication of serious investor nervousness in China. European markets were not immune either: Germany’s DAX and the UK’s FTSE 100 fell under the weight of dented export expectations.
On the other side of the Atlantic, American indices plummeted. The Dow Jones Industrial Average fell 600 points, while the NASDAQ dipped close to 2.5%. The hardest hit were semiconductor and electronics firms depending heavily on Chinese production. Fear drove investors into havens, driving gold to a 12-month high and sending U.S. Treasury yields down.
Crypto Market Reacted
The crypto space, which many at one time praised as a hedge against macro dislocation, wasn’t immune. Bitcoin (BTC) dropped close to 9% in the first 48 hours after the news. Ethereum (ETH) followed suit, dropping more than 8%. Risk sentiment had well and truly turned, and the digital asset market, inextricably linked to global investor sentiment, was subjected to sharp liquidation.
Asia-specific tokens such as NEO (baptismally referred to as the “Chinese Ethereum”) and VeChain (VET), which is associated with larger Chinese logistics and supply chain companies, experienced gruesome declines falling 12% and 15% respectively. Even US-preferred instruments were not exempt: Solana (SOL) fell by 10%, most of its drop coming courtesy of its extreme vulnerability to DeFi and institutionality trading.
While it was Layer-1 blockchains that bore the bulk of the blow, stablecoins were not spared either. Tether (USDT) redemption volumes spiked, particularly on Asian exchanges such as Binance and OKX, indicative of a flight to cash. Decentralized exchanges (DEXs) such as Uniswap and PancakeSwap, on the other hand, experienced major volume declines, indicating that retail investors were taking liquidity out of the market instead of trading the dip.
So why did stocks and crypto sell off in sync?
For one, crypto remains a speculative asset class. During periods of uncertainty, speculative assets are the first to be dumped. Second, big institutionals now control a significant proportion of crypto volume. These institutions play macro strategies—when fear increases, their capital reverses and moves to safer bets such as cash, gold, or short-term government bonds.
Worsening the situation further were early rumors of capital controls in Hong Kong and Singapore two key crypto hubs. Speculation that regulators might restrict crypto transactions to control capital flight led to further panic, especially among investors based in Asia.
As Bitcoin struggled, gold shone again. The Gold Shares (GLD) ETF recorded its largest one-day inflow in half a year. U.S. manufacturing ETFs experienced fleeting optimism, but most high-growth technology stocks particularly chipmakers such as Nvidia and TSMC got hammered.
In the cryptocurrency universe, those with lesser geographic and trade exposure performed better. Chainlink (LINK), which is decentralized in its oracle infrastructure, lost less than most, and some investors predicted that utility-based tokens would provide more stability in macro-driven routs.
Tariffs drama continuous
The tariff drama is more than politics it’s a stress test of the old and new economy. It demonstrated to us that crypto isn’t this digital island nation that is in some way proof against real world events. Whenever systemic risk beckons, any asset be it fiat, gold, or crypto adapts.
It also reshaped the narrative around Bitcoin’s “digital gold” thesis. While it has outperformed in some local crises (like inflation in Argentina or sanctions on Russia), in a globally synchronized panic, Bitcoin failed to serve as a safe haven. That doesn’t diminish its long-term value proposition, but it’s a reminder: we’re not there yet.
While the world grapples with this latest kick in the teeth of the U.S.–China dynamic, investors and crypto fans will have to reset expectations. Volatility is the new normal, yet in that chop is opportunity.
Builders will redouble efforts on decentralization. Regulators will catch up on how essential good crypto standards are. And investors if smart will learn to hedge risk, control emotions, and diversify better.
After all, Bitcoin was the product of a crisis. Perhaps this one will be the crucible out of which fresh innovation emerges once more.
The post Tariff Turmoil: How Trade Wars Are Shaking Global and Crypto Markets appeared first on Coinpedia Fintech News
On April 6, 2025, veteran US President Donald Trump fueled the economic competition between the globe’s two greatest economies by imposing a blanket 50% tariff on all imports from China. Dubbed as “Liberation Day,“ the action was designed to bring new life to American manufacturing, but instead set off a financial chain reaction that spilled …
