In the dim glow of screens that never blink, as if the mail coach had turned digital and forgot to stop, a tariff tempest-Donald Trump’s China affair-rolled in and the crypto fairground buckled. The market shed more than $500 billion, and the grand ledger of value, that stubborn 4.25 trillion relic, sank to beneath 3.75 trillion, like a pensioner losing his hat in a gust. 😅💼
Bitcoin pulled the procession into a mud-puddle ( BTC ), briefly flirting with the edge at $109,683, a drop that wore a near-double-digit grin in 24 hours. Ethereum ( ETH) volleyed from an intraday high of $4,386 down to $3,574 at 5:21 p.m. EST, while XRP sank to $1.58, its lowest jest since Nov. 29, 2024. 😂
The carnage, that notorious innkeeper of misfortune, served up a bill of goods: more than 1.42 million traders liquidated and over $9.45 billion in long and short leveraged bets obliterated. At the time of writing (6:21 p.m. EST), more than $6.87 billion in leveraged positions had been wiped out in just one hour, with liquidated longs accounting for $5.56 billion of the total. A circus of numbers, and we are all clowns in it. 🤡💸
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2025-10-11 02:54