Geopolitical tensions severed crypto from the gold safe-haven trade, triggering a drawdown that became more violent due to the operational quirks specific to digital assets’ trading venues.
U.S.-China trade tensions triggered a sell-off in bitcoin and altcoins on Friday. Now the industry is calling it the largest single-day purge in crypto history.
More than $19 billion in leveraged crypto bets were liquidated over a 24-hour period that… [1853 chars]
Source: Investopedia | Published: 2025-10-14T17:02:19Z
Credit: Investopedia
