Crypto Market Crash: $670 Billion Lost
The crypto market has experienced its biggest single-day crash, resulting in over $19 billion in liquidations and 1.6 million traders being liquidated in the last 24 hours.
According to veteran trader Arthur Hayes, investors lost a staggering $670 billion in today's crypto crash amid CEX auto liquidations.
- 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.
The market 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 reports suggesting a massive liquidation flushout in the market.
Author's summary: Crypto market loses $670 billion.
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