Over $2 billion in crypto was liquidated after Trump’s tariffs fueled market panic, with Wintermute’s CEO attributing the crash to TradFi, not crypto insiders.
US President Donald Trump’s tariffs have shocked markets as investors fear an impending trade war.
Bitcoin crypto market cap dominance spikes as Trump trade war fears take over; altcoins see "capitulation wicks."
Over 730,000 traders faced liquidations as Ether led the market plunge. Analysts compared the impact with the FTX collapse and COVID-19 crash.
Ether, Cardano, Avalanche, XRP, Chainlink and Dogecoin all dropped over 20% over the past 23 hours after US President Donald Trump imposed his first round of tariffs.
At its peak, DOGSHIT2 had a market cap of over $23 million, although it has since fallen to around $2.4 million.
According to CoinMarketCap, Bitcoin's price fell by an estimated 7.3% over the last seven days — faring better than most altcoins.
Bitcoin price lost the $100,000 level, and altcoins continued to sink lower. Will OM, XMR, MNT and GT lead the recovery?
The Indian government has a reputation for being harsh on crypto, but a regulatory sea change in the United States may cause a pivot.
SBF’s parents are reportedly exploring the possibility of a Trump pardon, Binance claims ‘no special relationship’ with Hamas: Hodler’s Digest