On the night of November 11th, there was a sharp decline in the value of digital assets. This occurred after the U.S. President announced additional 100% tariffs on China. The American leader did not rule out that they would take effect starting in November.
- Bitcoin experienced a significant price drop. At one point, according to exchange data, its price fell below $105,000, even though just on Friday it was valued at around $122,000. Earlier this week, the asset’s price had reached a historical high of $126,000.
- The market decline also affected other cryptocurrencies. Ethereum dropped to $3,435. The previous day, the asset’s price had reached $4,400. Toncoin lost more than half of its value in less than an hour, with its price falling from approximately $2,660 to nearly $1,200.
- Traders attempted to quickly respond to the changing prices. As a result, positions worth $19.13 billion were liquidated within 24 hours. Additionally, over 1.6 million traders were liquidated, setting an anti-record for the cryptocurrency market.
