Trump’s 100% tariff warning on China ignited a global sell-off that wiped out $16 billion in leveraged crypto longs and pushed Ethena’s USDe to a rare sub-$1 print.
Buttcoin is a safe haven investment for troubled waters.
Friday’s crash saw crypto’s worst liquidation in terms of pure volume, seeing over 10 times as much dollar value liquidated as the crashes when FTX collapsed in 2022 or when global markets melted down during the early COVID lockdowns.
yes sir the market is completely real. don’t ask about tethers
the value is, as usual, stored in the pocket of the next sucker
yes sir the market is completely real. don’t ask about tethers
the value is, as usual, stored in the pocket of the next sucker