Crypto Market Crash: $670 Billion Lost
The crypto market has witnessed its biggest single-day crash, with over $19 billion in liquidations and 1.6 million traders liquidated in the last 24 hours.
- Altcoins like ETH, SOL, ADA, BNB, and DOGE have corrected 12-20% each.
- Some altcoins on Binance have tanked as much as 90%.
- Top altcoins like ETH, BNB, XRP, and SOL have corrected 12-20% amid a massive liquidation.
Investors lost a staggering $670 billion in today’s crypto crash amid CEX auto liquidations - Arthur Hayes
The market crash comes after the escalation of the trade war between the US and China, with the US imposing a 100% tariff on China.
Author's summary: Crypto market loses $670 billion in a single day.