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lmfao 🤡 crypto got a ‘passing grade’ in the weekend crash, $20 billion liquidated, Trump’s tariff threats,
wait what crash are we talking about now?? did i miss the meme coin rollercoaster ride again?! ðŸ«
crypto markets experience largest leverage wipeout, Bitcoin down 15%, Solana 40%—$20B liquidated due to Trump’s tariff threats
The crypto market saw its largest leverage wipeout, with Bitcoin plunging 15% and altcoins like Solana dropping 40%. Around $20 billion in leveraged positions were liquidated due to Trump’s tariff threats. Despite the crash, Bitwise’s CIO Matt Hougan believes crypto handled the situation well. He mentioned that the damage was contained, individual investors bore the brunt, and no major institutions collapsed. The recovery to $115,000 indicates blockchain’s resilience, with analysts divided over the crash’s nature.
Crypto ‘got a passing grade’ in weekend crash: Bitwise CIO Matt Hougan
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