Crypto Market Loses $670 Billion on CEX Auto Liquidations, Altcoins Crash Intensifies

The cryptocurrency market experienced its most devastating single-day crash in history, wiping out $670 billion in value as massive liquidations triggered widespread panic selling. Over 1.6 million traders faced liquidation within 24 hours, generating unprecedented $19 billion in forced sell-offs across major centralized exchanges (CEX).

Bitcoin and altcoins plummeted dramatically following President Trump's announcement of 100% tariffs on China, intensifying global trade war tensions. The crypto crash sent shockwaves through DeFi protocols and blockchain networks, with major cryptocurrencies experiencing double-digit percentage losses.

Auto-liquidation mechanisms on centralized exchanges amplified the market downturn, creating cascading sell pressure that devastated both institutional and retail crypto portfolios. The massive liquidation event highlights the cryptocurrency market's vulnerability to geopolitical developments and leveraged trading risks.

This historic crypto market crash surpasses previous bear market lows, demonstrating how traditional economic policies can trigger severe blockchain asset volatility. Traders and investors are reassessing risk management strategies as the cryptocurrency ecosystem faces its biggest challenge since the 2022 market collapse. The unprecedented liquidation volume reflects the growing interconnection between global politics and digital asset markets.