$19,270,000,000 in Bitcoin and Crypto Liquidated in Largest Single-Day Leverage Meltdown in History
Bitcoin and crypto markets just witnessed the single largest daily liquidation event on record.
The meltdown hit $19.27 billion in liquidations in the last 24 hours, according to CoinGlass .
That’s larger than the massive liquidation cascades during the collapses of Terra Luna, FTX and the COVID-19 fallout.
President Trump’s ongoing tariff battle is at the center of the crash.
Today, Trump escalated the U.S.-China trade war to unprecedented levels, announcing an additional 100% tariff on all Chinese imports effective November 1st.
Trump says the move, layered on top of existing 30% duties, is a direct retaliation to new export controls by Beijing on rare earth elements.
The fallout didn’t stop at digital assets.
Trump’s tariff salvo triggered a synchronized global equity rout, with the Dow Jones shedding nearly 900 points, or 2.1%.
The S&P 500 dropped out 2.7%, and the Nasdaq lost 3.5%.
Asian markets followed, with Hong Kong’s Hang Seng plunging 4.2%, Tokyo’s Nikkei losing 3.1% and Shanghai’s Composite dropping 2.8%, as investors prepare for potential retaliatory measures from Beijing.
Generated Image: DALLE3
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin News Update: Ark Invest Makes Daring Moves in Crypto and AI Despite Market Slump
- Ark Invest spent $88M on crypto assets in November 2025, defying market declines by buying undervalued tech/crypto equities. - Major purchases included $25M in Coinbase , Circle , and Block shares, now holding 5.22% of ARKK's portfolio. - CEO Cathie Wood contrasted current AI/crypto growth with past bubbles, viewing downturns as strategic buying opportunities. - The firm also invested $56M in Alphabet and $29.4M in AI firm CoreWeave , emphasizing sector readiness over speculation. - With Bitcoin near $87
FCA's Crypto Sandbox Strives to Foster Innovation While Safeguarding Investors
- Coinbase and Kraken join UK FCA's crypto sandbox to test new disclosure rules, aiming to boost transparency and align with global standards. - FCA's 2026 roadmap mandates detailed risk assessments for unbacked crypto, stablecoins, and tokenized assets, with Eunice developing compliance templates. - U.S. regulators and banks like U.S. Bancorp parallel efforts, testing stablecoins and emphasizing structured oversight to mitigate depegging risks. - Coinbase's regulatory engagement spans FCA, SEC, and global

Altcoin Pain Nearing Its End — 5 Best Tokens to Trade Before the Breakout Hits

Five Altcoins Worth Buying Before a 3x–10x Move as Breakout Momentum Builds

