The largest massacre in the history of cryptocurrencies! $550 billion lost from market value!
The President of the United States, Donald Trump, announced that 100% tariffs on China have devastated the cryptocurrency market!
$550 billion was lost in market capitalization, and many altcoins lost between 50% and 90% of their value! 📉
💣What happened?
Trump said: "Starting November 1, we will impose 100% tariffs on China".
This announcement triggered panic selling in the cryptocurrency market.
Bitcoin dropped from $122,000 to $102,000 in one day!
Altcoins fell to their prices from last year.
Some coins on Binance experienced drops of up to 90%.
⚡️ Liquidation storm!
More than $10 billion in leveraged positions were liquidated in the last hours!
The number of users who closed positions with losses is approaching 1.5 million! 💀
This is one of the steepest declines in the history of cryptocurrencies.
📊 Has the start of the bull season been postponed, or is this an opportunity to hit the bottom after the storm? ⏳
This is not investment advice ⚠️
