Was this just an isolated incident, or is this the beginning of the Big Crash? The carnage that we witnessed on Friday was absolutely breathtaking. The largest single day wipeout in the history of the cryptocurrency industry was accompanied by a tech bloodbath of epic proportions. Many investors that were very highly leveraged got absolutely monkey-hammered. In particular, wave after wave of forced liquidations caused a cascading cryptocurrency crash that was unlike anything that we have ever seen before. Approximately 19.2 billion dollars in leveraged positions were suddenly liquidated, and as a result the collective value of all cryptocurrencies fell by almost 800 billion dollars in just 24 hours…
The post Historic Financial Carnage: More Than A Trillion Dollars In Market Value Was Just Wiped Out In A 24 Hour Period was first published by Michael Snyder on The Economic Collapse Blog and is republished here with his permission. Please support his efforts.
