Yesterday global cryptocurrency markets were hit by one of the most brutal downturns in recent history All major tokens led by Bitcoin and Ethereum saw steep declines as over $19 billion in leveraged positions were liquidated in a single day
The crash was triggered when U.S. President Donald Trump announced a sweeping 100% tariff on Chinese imports and new export restrictions on software This move created immediate panic in financial markets and forced many traders to exit positions aggressively
Bitcoin, which had just recently reached new highs, plunged more than 12% below $113,000 as investors scrambled for stability Meanwhile Ethereum and other altcoins suffered similar losses in percentage terms
In the face of this carnage Hemi Coin was not spared either According to recent price data Hemi’s value declined nearly 14-15% over the last 24 hours, continuing a broader downward trend that’s been visible in recent weeks
The crash highlights both the risks and opportunities for Hemi Its close connection to Bitcoin gives it exposure to macro events and market sentiment But that same connection also offers resilience because Hemi’s architecture is designed to leverage Bitcoin’s security for programmable finance As traders retreat from risky assets Hemi may face short term pressure However long term its unique position as a Bitcoin-layer protocol could attract those looking for alternatives to pure altcoins
👉 Do you think Hemi can recover from this crash faster than other altcoins because of its Bit coin link