Crypto Flash Crash Wipes Out Over $19 Billion in One Day
The crypto market just got absolutely hammered—like, over $19 billion in leveraged bets got liquidated in just one day. That’s not a typo. Bloomberg’s numbers, if you’re wondering.
right after Trump randomly dropped the bomb about slapping 100% tariffs on China, more than $7 billion just evaporated in the first hour. Bitcoin tanked, which, shocker, dragged the rest of the big names—Ethereum, XRP, BNB, Solana—down into the mud with it. Whole thing snowballed.
Over 1.6 million traders wiped out in a single crash. That’s not just a bad day; that’s one for the record books in crypto.
The so-called experts are all saying this shows just how twitchy crypto still is when it comes to political drama. Anything big—especially if it’s coming from the US—can set off a chain reaction. And fast.
Some folks are calling this a much-needed correction because things were looking way too hot, but others are freaking out that if this kind of whiplash keeps up, new investors (the ones without much of a safety net) might just nope out of crypto altogether. Can you really blame them? This stuff is not for the faint of heart.
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