There was a massive collapse in the American and financial markets that night. US indices are down about 3.5%, and some cryptocurrencies have lost up to 80% of their value at the moment.
The main trigger of Donald Trump’s statement. He announced his intention to introduce new 100% duties on Chinese goods and canceled a meeting with Chinese President Xi Jinping. These words raised the specter of a new trade war between the US and China, triggering a massive sell-off of assets.
Overnight, the positions of about 1.5 million traders worth over $7.5 billion were liquidated. By the morning, the total volume of liquidations reached $13.5 billion. Bitcoin dropped by more than 20% during the day, Ethereum by 16%, Solana by 20%, Toncoin by 63%. In some cases, financial markets have fallen by up to 80%.
Investors fear that a serious confrontation between the US and China will lead to a possible continuation of economic growth. market.
Source: Iphones RU
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