The crypto market just experienced its biggest crash ever, with $19 billion liquidated in just 12 hours as panic selling swept through the sector. Long positions suffered $16 billion in losses after President Trump’s tariff announcement caused a massive sell-off. Bitcoin fell from over $122,000 to almost $113,000, affecting more than 1.6 million traders. This record crash underlines the dangers of high debt levels in times of extreme market volatility.
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