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lmfao trump vs. crypto showdown: tariffs, flash crashes, and $19B liquidated – volatility at its peak! 🚀
wait did trump really cause crypto to tank?? what’s the deal with leveraged trading and why are people losing billions 😵💫
Market dynamics were influenced by external factors: Trump’s trade war rhetoric amplified risk aversion, triggering a cascade of sell-offs across various assets including cryptocurrencies.
Cryptocurrency values plunged in a flash crash, causing billions in losses and showcasing market volatility. President Trump’s tariff threats on China triggered a sell-off in tech stocks and crypto, leading to safe-haven assets like gold and silver hitting record highs. Leveraged positions were closed amid the sudden downturn, with $19 billion liquidated. Crypto prices have partly rebounded after a sharp drop, affecting millions of traders and highlighting the risks of leveraged trading.
Why crypto collapsed briefly but dramatically when Trump renewed his trade war
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