Tag: market crash
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Crypto Market Turmoil as Trump Tariffs Sparks Largest Liquidation in History
Overview: A Market Shaken by Tariffs and Liquidations The cryptocurrency market is facing its worst sell-off in history following Donald Trump’s announcement of 100% tariffs on China. Bloomberg reports, citing 24-hour data from Coinglass, that more than $19 billion was wiped out in liquidations, affecting more than 1.6 million traders. In the first hour alone,…
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Crypto Markets Tank: $19 Billion Liquidated as Trump Tariffs Send Bitcoin and Ethereum tumbling
Crypto Markets Plunge Amid Tariff Shock The cryptocurrency market faced one of its sharpest shocks in history after news that former President Donald Trump announced new 100% tariffs on China. In the 24 hours following the announcement, data provider Coinglass recorded more than $19 billion in liquidations across the crypto space, marking what analysts are…