Crypto Market Crash: $670 Billion Lost
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.
Top altcoins like ETH, BNB, XRP, and Solana (SOL) have corrected 12-20% amid the massive liquidation, while others like DOGE, LINK, and ADA have incurred even greater losses.
Veteran trader Arthur Hayes noted that investors lost a staggering $670 billion in today's crypto crash amid CEX auto liquidations.
- 1.6 million users were liquidated in the crypto market crash.
- Altcoins crash has intensified, with some reporting losses of up to 90% on Binance.
- The market crash follows the US President's imposition of a 100% tariff on China, escalating the trade war.
Author's summary: Crypto market loses $670 billion amid massive liquidations.