‘Sound money’ meets a sound beating as Binance pledges bailout — TradingView News
After surging to a record high above $126,000, Bitcoin and the broader crypto market have been shaken by unprecedented volatility — literally. On Friday, crypto markets saw their largest-ever liquidation event, totaling roughly $19 billion.
The wipeout surpassed even the worst days of the FTX collapse in 2022, underscoring both how much the market has grown since then and how fragile it remains.
The sell-off began in classic crypto fashion. Reports suggest US President Donald Trump may have misinterpreted China’s export controls, sparking a sweeping tariff threat that sent risk assets tumbling.
As markets reeled, crypto price feeds briefly showed zero prices on some tokens, and traders reported losing years of gains within…
