Crypto just had its biggest crash ever. Millions of traders lost money in one day.
The fall was huge, bigger than any past crash, even those during the 2020 drop or FTX collapse.
Bitcoin also fell sharply, wiping out a lot of value in a single day.
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Now yesterday was pure chaos. Prices started falling early in the day, then Trump announced new tariffs on China and the market went into free fall.
Big investors placed huge sell bets before the news, making things worse.
Most of the losses came from traders who used too much leverage to buy crypto. When prices started falling, their accounts were closed automatically.
The crash began late Friday night, around 11 PM Kenyan time, when trading activity was low, so prices dropped even faster.
This sudden drop caused panic across the market as traders rushed to sell before prices fell further.
Within hours, nearly $19 billion in value was wiped out.
It wasn’t just fear, it was a chain reaction.
Once a few big traders were forced to sell, others followed, and the fall kept getting worse
But this crash doesn’t mean crypto is finished. It’s more like a quick shakeout after months of rapid growth.
The market is still strong, and once things calm down, prices are likely to recover again.
Too much leverage, too much excitement, and one late-night shock. That’s what caused the chaos.
Crypto has faced worse before and always bounced back. This time won’t be different.