Crypto Market Plunge: $19 Billion Liquidated in Record-Breaking Event

A dramatic plunge in the cryptocurrency market has triggered a record-breaking liquidation event, wiping out nearly $19 billion in value. The largest single-day liquidations in digital asset history have been observed after Bitcoin’s price plummeted from over $122,000 to lows of around $105,000 and even $101,000 on various exchanges. This event marked a significant downturn for the altcoin market as well, with double-digit drops across numerous digital currencies.