Crypto Markets Bled $900 Billion as Bitcoin Dumped to 3-Month Low: Weekend Watch

Bitcoin’s price went through a sudden and painful crash on Friday evening and Saturday morning, dropping to its lowest position since early ￰0￱ this became the single-largest daily liquidation event with more than $19 billion wrecked, the total market cap plunged by $900 billion at one point. BTC’s Crash What a week it has been for the primary ￰1￱ all started on the right foot, with a surge past $124,000 last Sunday and up to $126,000 on Monday, which became a new all-time ￰2￱ asset lost some traction in the following days, but remained steady above $120,000 and even $122,000 on ￰3￱ came the Trump warning against China, and all hell broke ￰4￱ first, the POTUS alleged China was deceitful in certain cases, which is why he brought up the old-fashioned tariffs in play.

Later, though, he doubled down by confirming that the US will impose a 100% tariff on Chinese products starting from November ￰5￱ effects on the over-leveraged crypto markets were ￰6￱ just several hours, bitcoin plummeted from $122,000 to just over $101,000 on some exchanges, and $105,000 on ￰7￱ became its lowest price tag in over three ￰8￱ move south was followed by most altcoins, but more on that ￰9￱ overall liquidations set a record at more than $19 billion in a day, with over 1.6 million traders getting ￰10￱ has recovered some ground and now sits around $112,000, but it’s still 8% down on the ￰11￱ market cap has plunged to $2.235 trillion, while its dominance over the alts is at 58%.

BTCUSD.), XRP (-12%), SOL (-16%), DOGE (-22%), LINK (-19%), XLM (-12.6%), and SUI (-21%) are some of the double-digit ￰12￱ is the only exception, having surged by 12% to $255. The cumulative market cap of all crypto assets plunged by $900 billion during the darkest hours of the crash, dropping to $3.3 ￰13￱ has recovered a lot of ground to over $3.8 trillion now, but it’s still down by $400 billion since ￰14￱ Market Overview Daily.