US EditionCrypto Experiences Largest Single-Day Sell-Off in History
Trump’s tariff announcement led to over $19 billion in crypto liquidations and forced selling of more than 1.6 million positions, marking the largest liquidation event in crypto history.
- On Friday, cryptocurrencies plunged in a short but significant flash crash after President Donald Trump threatened new tariffs on imports from China, sparking sell-offs in risky assets.
- Resuming tariff hostilities, President Donald Trump slapped 100 percent tariffs on China over rare earths, critical to high‑tech manufacturing, triggering the crypto market crash.
- CoinGlass reported about 1.6 million traders had their positions liquidated as Bitcoin fell from roughly $122,500 to roughly $105,000, resulting in a record $19 billion in liquidations.
- On Monday, Bitcoin hovered around $115,000, stabilizing after its drop, while silver futures soared 7% to an all-time high as investors sought safe havens.
- Despite long-term supports like ETF adoption, institutional inflows and regulatory clarity, analysts warn leverage amplified Friday's volatility and a 10 to 20 percent correction was overdue.
180 Articles
180 Articles
Why crypto briefly but dramatically crashed when President Trump renewed his trade war
Cryptocurrencies plunged in value on Friday in a short but significant flash crash, leaving investors with billions of dollars in losses and highlighting the volatility associated with the industry.
Why crypto briefly but dramatically crashed when Trump renewed his trade war
Cryptocurrencies plunged in value on Friday in a short but significant flash crash, leaving investors with billions of dollars in losses and highlighting the volatility associated with the industry.
Trump is not to blame for the crypto crash
Hundreds of billions have been wiped off the value of the crypto currencies. A prominent Ukrainian blogger and influencer on digital coins has been found dead. This will likely be a rocky day for traders. We will have to see whether it develops into a full-blown crash or not. And yet, all the major equity indices were already wildly overvalued, and a correction was always inevitable – it was just a question of when it would start. Investors wil…
Although China and the US had approached positions in the last few months through four rounds of negotiation, levels of hostility have skyrocketed again in the last week, jeopardizing a possible meeting of the leaders of both countries at the end of October at the APEC summit to be held in South Korea.The Chinese Ministry of Trade accused the US this Sunday of derailing the trade dialogue between the two powers and assured that “obstinate threat…
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