President Donald Trump sparked a $300 billion cryptocurrency market pump on Monday after announcing U.S. cryptocurrency reserves.
Donald Trump has now triggered a $300 billion cryptocurrency market sell-off as his trade tariffs take effect on March 4.
The total market capitalization has dropped nearly 14% in the past 36 hours or more, decreasing to $2.82 trillion from over $3.2 trillion on Sunday night. This move has wiped out all brief gains from the pump following his cryptocurrency reserves announcement on March 2.
Coinglass reported that over 311,000 traders have been liquidated in the past 24 hours with an amount of just over one billion dollars.
