More than $573 million in leveraged long positions were wiped out in 24 hours as Bitcoin slid to $77,900 and the S&P 500 posted its worst session since March, and the cryptocurrency news coming out of that crash tells two very different stories depending on where capital is sitting. Large cap holders watched billions vanish from their portfolios overnight. At the same time, a presale marketplace with a growing community behind it quietly added to its $9 million total during the exact hours the rest of the market was selling, and that contrast is the only signal that matters this week.
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Cryptocurrency News: $573 Million in Longs Liquidated as Bitcoin Drops Below $78,000
Bitcoin fell to $77,924 on May 17, triggering $573 million in total liquidations with 76% from long positions, according to CoinGlass data reported by CryptoTimes. The crash followed the worst U.S. stock session since March, with Treasury yields topping 4.5% and the dollar gaining, per CoinDesk. Spot Bitcoin ETFs recorded $290 million in outflows, reversing six weeks of inflows. The cryptocurrency news cycle flipped from optimism to fear in 48 hours.
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Where the Liquidation Crash, Pepeto, Bitcoin, and Cardano Collide
Pepeto
The cryptocurrency news around this crash exposed the gap between coins that move with the market and entries that sit outside the blast zone. Pepeto operates as a meme coin marketplace where every tool is built to keep a holder’s capital safe and moving, not locked in a position that gets liquidated when the market turns. The cross chain bridge moves tokens between networks at zero cost, so capital never sits trapped on a chain that just lost 5% in an hour.
PepetoSwap fills orders with zero fees on the same Pepeto https://pepetocoin.com/ marketplace, which means a buyer can enter, swap, and reposition without giving up a percentage of their stack to the platform. The community behind this project has pushed the presale past $9 million in total capital raised, and the pace of that inflow increased during this week’s crash, not after it. When cryptocurrency news is dominated by liquidations and fear, the money flowing into a presale tells a clearer story than any chart.
Staking at 172% APY keeps tokens locked before the Binance listing arrives, reducing supply when exchange demand hits hardest. The presale sits at $0.0000001864, and analysts project the same 420 trillion supply reaching original Pepe coin levels would return over 100x. Every contract is SolidProof audited, and the cryptocurrency news around $573 million in liquidations only strengthens the case for a presale entry, because the wallets that got wiped held leveraged large cap positions while the wallets inside this presale hold an entry no crash can liquidate.
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Bitcoin
BTC trades at $77,920 on May 17, down from the $82,000 high it touched after the CLARITY Act vote two days earlier, according to CoinMarketCap. Bitcoin ETFs recorded their worst weekly outflow in months at $1 billion. Citi still targets $143,000 by year end, but from current levels that is an 83% gain over months, and the road there passes through more sessions like the one that just wiped out half a billion in longs.
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Cardano
ADA sits at $0.25 on May 17, holding above its spring low but 92% below its 2021 high of $3.10, per CoinMarketCap. Spot ADA ETF filings from Grayscale and VanEck are pending as a catalyst, but from a $10 billion cap even a 3x would only bring ADA to $0.81, far from the levels that change the math for anyone chasing real returns this cycle.
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Closing Thoughts
The cryptocurrency news this week confirmed that large caps give back gains as fast as they create them, and the $573 million liquidation proved that leverage on Bitcoin or any coin at these prices carries a cost that most holders never plan for. The presale filling faster each stage on the Pepeto official website is the clearest confirmation that real capital sees the Binance listing as the event worth positioning for, and entering now means joining the wallets that placed their conviction during the exact crash that cleared everyone else out. Large caps target 2x over months, but the presale targets 100x from one listing, and the pace of capital flowing in during fear is the signal that no cryptocurrency news headline can replace.
Click To Visit Pepeto Website To Enter The Presale: https://pepetocoin.com/
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FAQs
What is the biggest cryptocurrency news this week?
The biggest cryptocurrency news is the $573 million liquidation event that sent Bitcoin to $77,900 while Pepeto’s presale kept filling during the crash.
How does the crash affect Pepeto?
Presale entries sit outside the blast zone of market liquidations, and the Pepeto official website shows capital flowing in during the crash, confirming conviction from wallets that see the listing as the real event.
Should new buyers enter during a market crash?
Crashes create the cheapest entries, and Pepeto still sits at ground floor pricing before the Binance listing hits, giving new buyers return potential that large caps at current levels cannot offer.
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Disclaimer:
This content is for informational use only and does not constitute financial advice. Investing in cryptocurrencies carries substantial risk and volatility, including the possible loss of your investment. Always perform your own research or consult an advisor before making decisions.
Contact: Dani Bonocci
Website: https://www.tokenwire.io
Phone: +971586738991
SOURCE: Pepeto
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This release was published on openPR.