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 staggering $670 billion loss and over 1.6 million liquidations in the last 24 hours.
- Altcoins such as ETH, SOL, ADA, BNB, and DOGE have corrected 12-20% each.
- Some altcoins on Binance have tanked as much as 90%.
- Top altcoins like XRP and Solana have also incurred significant losses.
As noted by veteran trader Arthur Hayes, investors lost a staggering $670 billion in today's crypto crash amid CEX auto liquidations.
The market crash follows the escalation of the trade war between the US and China, with US President Donald Trump imposing a 100% tariff on China.
Author's summary: Crypto market loses $670 billion in historic crash.
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