Virtual asset (cryptocurrency) market sees 3 billion dollars in liquidations in the past hour
Suehyeon Lee
Summary
- In the past hour, the virtual asset market experienced 3 billion dollars in liquidations.
- The large-scale liquidation was reported to have occurred as the overall market declined due to the resumption of the trade war between the United States and China.
- U.S. President Donald Trump said he would impose an additional 100% tariff on China, which was reported to have affected investor sentiment.
A large-scale liquidation occurred in the virtual asset (cryptocurrency) market over the past hour.
On the 11th (local time), according to WatcherGuru, positions totaling 3 billion dollars (about 4.2 trillion won) were liquidated.
This liquidation is analyzed to have occurred as the overall virtual asset market fell following the resumption of the trade war between the United States and China. Earlier, U.S. President Donald Trump said he would impose an additional 100% tariff on China on top of existing tariffs.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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