{"id":29431,"date":"2025-10-14T05:34:26","date_gmt":"2025-10-14T05:34:26","guid":{"rendered":"https:\/\/www.vtmarkets.com\/in\/?p=29431"},"modified":"2025-10-14T05:34:27","modified_gmt":"2025-10-14T05:34:27","slug":"19-billion-crypto-crash-in-24-hours-the-biggest-wipe-out-in-history","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/en-mena\/featured\/19-billion-crypto-crash-in-24-hours-the-biggest-wipe-out-in-history\/","title":{"rendered":"$19 Billion Crypto Crash in 24 Hours: The Biggest Wipe-Out in History!"},"content":{"rendered":"\n
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The cryptocurrency market witnessed one of its most chaotic and devastating days in history, with over $19 billion in leveraged positions wiped out within just 24 hours. The drop followed US President Donald Trump\u2019s announcement to impose a 100% tariff on all imports from China. Trump\u2019s tweet, posted hours earlier, sparked fears of a new trade war between the countries, which had previously disrupted the market as well.<\/p>\n\n\n\n

This record-breaking event, triggered by geopolitical tensions, extreme leverage, and panic selling, sent shockwaves through traders, exchanges, and global markets alike.<\/p>\n\n\n\n

Bitcoin\u2019s Record-Breaking Week<\/strong><\/p>\n\n\n\n

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The week started on a euphoric note. Bitcoin soared to a record high of $126,500, supported by strong inflows into newly launched Bitcoin ETFs totaling over $5 billion between Tuesday and Thursday.<\/p>\n\n\n\n

Market sentiment turned to \u201cExtreme Greed\u201d by Friday morning as investors expected another leg higher. But, as history often reminds us, euphoria can be the calm before the storm.<\/p>\n\n\n\n

The Trigger Event<\/strong><\/p>\n\n\n\n

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Everything changed within hours. At 10 AM, former U.S. President Donald Trump made a statement declaring that \u201cChina is becoming hostile. <\/em>By 3 PM, the U.S. government announced 100% tariffs on Chinese tech goods, bringing the total effective tariffs to nearly 130% on Chinese exports.<\/p>\n\n\n\n

This sudden policy escalation acted as the spark in an already overheated market. Traders and institutions scrambled to react, and what followed was a massive liquidation domino effect across global exchanges.<\/p>\n\n\n\n

The Flash Crash: Bitcoin to $109K in Minutes<\/strong><\/p>\n\n\n\n

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Bitcoin plunged from $121,000 to $109,000 within 60 minutes of the announcement.
Altcoins followed with devastating losses:<\/p>\n\n\n\n