Crypto Market Crash: $670 Billion Lost
The crypto market has witnessed its biggest single-day crash in history, with over $19 billion in liquidations and 1.6 million traders liquidated in the last 24 hours.
Altcoins have been hit hard, with some like ETH, SOL, ADA, BNB, and DOGE correcting 12-20% each.
- ETH, SOL, ADA, BNB, and DOGE have corrected 12-20% each.
- Other altcoins like LINK and ADA have incurred even greater losses.
Investors lost a staggering $670 billion in today’s crypto crash amid CEX auto liquidations - Arthur Hayes
The crash comes after US President Donald Trump imposed a 100% tariff on China, escalating the trade war further.
Altcoins on Binance have tanked as much as 90%, with top altcoins like ETH, BNB, XRP, and Solana (SOL) correcting 12-20% amid a massive liquidation flushout in the market.
Author's summary: Crypto market loses $670 billion in one day.
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