Crypto Market Crash: $670 Billion Loss and 1.6 Million Liquidations
The crypto market has experienced its biggest single-day crash in history, resulting in a loss of $670 billion and over 1.6 million liquidations in the last 24 hours.
- Top altcoins like ETH, BNB, XRP, and Solana (SOL) have corrected 12-20%.
- Other altcoins like DOGE, LINK, and ADA have incurred even greater losses.
- Some altcoins on Binance have tanked as much as 90%.
According to veteran trader Arthur Hayes, investors lost a staggering $670 billion in today's crypto crash amid CEX auto liquidations.
The market crash follows the imposition of a 100% tariff on China by US President Donald Trump, escalating the trade war.
Author's summary: Crypto market loses $670 billion in a single day.
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