Crypto Market Crash: $400 Million Liquidated as Bitcoin, Ethereum, and Altcoins Plunge
Four hundred million dollars in longs were wiped out in under an hour — and the crypto market just lost $200 billion overnight.
If you woke up to a sea of red, you’re not alone. The last 24 hours have been brutal.
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Below is the full breakdown of what happened — and what it means for the road ahead.
🚨 Crypto Market Update: Bitcoin, Ethereum & XRP Take Heavy Losses
The headline: Bitcoin sits at $86,640 after a 4.3% drop, sparked by rising Japanese bond yields and a stronger yen pressuring global liquidity.
Thin weekend volume + extreme leverage = liquidation carnage.
Meanwhile:
Ethereum (ETH) has dropped to $2,841.31, down 6% in 24 hours.
XRP is hanging on at $2.04, recovering from a wild 10% intraday swing.
This wasn’t a normal pullback — this was a leveraged wipeout.
🌏 Global Shockwaves: China Crackdown, Upbit Hack & Stablecoin FUD
China just escalated its anti-crypto stance:
The People’s Bank of China called stablecoins a national security threat.
Officials vowed an aggressive hunt for crypto users.
Tether pushed back against S&P’s latest “weak” rating… but the FUD is spreading fast.
Meanwhile, South Korea took a hit:
Upbit, the country’s largest exchange, was hacked for $37 million.
Investigators say the breach shows North Korean cyber signatures.
Upbit has paused withdrawals as they rebuild hot wallets.
Cybercrime + crackdowns = shaken investor confidence.
🏛 Institutional Flows: Bitcoin & Ethereum ETFs Return to Green
For the first time in six weeks, things turned positive for institutions.
Last week saw:
Nearly $800 million in ETF inflows on Friday alone
Spot Bitcoin ETFs swinging back into accumulation mode
BlackRock’s IBIT approaching an unbelievable $100 billion AUM milestone
Meanwhile…
Visa expanded USDC settlement capabilities across Europe, the Middle East, and Africa
Nasdaq pressed the SEC for approval to launch tokenized stocks with 24/7 trading
TradFi is quietly accelerating into the blockchain era.
🏭 Mining, GPUs & Geopolitics: Strange Moves Behind the Scenes
A few big headlines you may have missed:
MicroStrategy’s CEO repeated that selling Bitcoin is a “last resort only.”
Tether shut down its Uruguay mining operation after energy costs crushed profitability.
North Korea is reportedly using banned Nvidia GPUs to power even larger crypto-driven cyber attacks.
This is the part of the market most retail investors never see — but it moves the chessboard.
📉 Should You Be Worried? Or Buying the Dip?
Market fear is rising, but remember:
Dips are where generational wealth is built — not during all-time highs.
Corrections reset leverage, flush out weak hands, and create opportunities.
Just make sure your moves align with your personal risk tolerance.
(Educational only — not financial advice.)
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⚠️ Disclaimer
Quick disclaimer: I’m not a licensed financial advisor. This is for educational purposes only and not financial or investment advice. Crypto is volatile — never invest more than you can afford to lose, and always do your own research.
📌 Final Thoughts
Volatility is the price of admission for crypto’s upside.
Stay sharp, stay disciplined, and stay focused on long-term wealth building.
See you in the next one — stay sharp, stay wealthy.
