The crypto market has witnessed its biggest single-day crash in history, with over $19 billion in liquidations and 1.6 million traders liquidated in the last 24 hours.
According to veteran trader Arthur Hayes, investors lost a staggering $670 billion in today's crypto crash amid CEX auto liquidations.
Top altcoins like ETH, BNB, XRP, and Solana (SOL) have corrected 12-20% amid a massive liquidation flushout in the market.
The market crash comes after US President Donald Trump imposed a 100% tariff on China, escalating the trade war further.
Author's summary: Crypto market loses $670 billion in a single day.