Bitcoin Erases Post-Election Gains as Crypto Markets Lose $2.2 Trillion Since October – Blockonomi

TLDR: Bitcoin has fallen 10% below its price after the election, wiping out any gains from Trump’s victory in November. Crypto markets have lost $2.2 trillion in value since October 10, a 50% drop due to structural problems. A record $19.5 billion liquidation on October 10 caused a disruption to the market structure that continues […]

Crypto faces a historic $19 billion drop as Trump imposes 100% tariffs on Chinese tech

Bitcoin extended its sharp sell-off on Saturday, falling 8.4% to $104,782, after US President Donald Trump escalated the trade war with China by imposing 100% tariffs on Chinese technology exports and export controls on “all critical software”. The announcement caused a record $19 billion loss in the cryptocurrency market, sending major tokens into a tailspin […]