Crypto Market in Chaos as Liquidations Near $1 Billion
Crypto market faces nearly $1 billion in liquidations as major players move assets, Bitcoin hits a 4-month low, and Trump’s recession comments fuel panic.
The crypto market has seen a dramatic sell-off, with close to $1 billion in liquidations in just 24 hours. This sudden downturn has affected hundreds of thousands of traders, with long positions suffering the biggest losses. Bitcoin and Ethereum have taken the hardest hits, falling to their lowest levels in months, as investors panic amid worsening market conditions.
A significant factor behind the sharp drop is the movement of large amounts of cryptocurrency by major players. Mt. Gox, the once-dominant exchange still settling debts with creditors, transferred…
