Crypto market crash wipes out billions in dramatic single-day plunge
Terry Duffy, CME Group chairman and CEO, weighs in as the cryptocurrency trading platform Coinbase lost half its value in the past week.
The crypto market was rocked by a dramatic plunge Saturday, marking one of the sharpest single-day drops in recent history and wiping out billions in value, one expert told FOX Business.
The sudden collapse followed the U.S. government’s announcement of new tariffs on Chinese tech imports, a move that rattled investors and triggered panic.
Joshua Duckett, director of investigations at a crypto forensic firm, said traders had been forced to liquidate positions, sending prices into free fall.
“Most people don’t invest more than they can lose, but in the crypto industry as a whole, in terms of…
