Crypto Market Crash: $670 Billion Lost
The crypto market has experienced its biggest single-day crash in history, resulting in over $19 billion in liquidations and 1.6 million traders being liquidated in the last 24 hours.
Following the US President Donald Trump's imposition of a 100% tariff on China, escalating the trade war, investors lost a staggering $670 billion in today's crypto crash amid CEX auto liquidations, as noted by veteran trader
Arthur Hayes.
- Top altcoins like ETH, BNB, XRP, Solana (SOL) corrected 12-20% amid a massive liquidation flushout in the market.
- Other altcoins such as DOGE, LINK, and ADA incurred even greater losses.
- Some altcoins on Binance reportedly tanked as much as 90%.
This massive crash has intensified the altcoin crash, with significant corrections across the board.
Author's summary: Crypto market loses $670 billion in historic crash.