The crypto market has witnessed its biggest single-day crash, resulting in over $19 billion in liquidations and 1.6 million traders being liquidated in the last 24 hours.
Altcoins such as ETH, SOL, ADA, BNB, and DOGE have corrected by 12-20% each, with some experiencing even greater losses.
Investors lost a staggering $670 billion in today’s crypto crash amid CEX auto liquidations - Arthur Hayes
The crash comes after US President Donald Trump imposed a 100% tariff on China, escalating the trade war.
Author's summary: Crypto market loses $670 billion in a single day.