Crypto Market Plunges Amid Global Panic Triggered by U.S.-China Trade Tensions

The cryptocurrency market experienced a drastic decline following renewed U.S.-China tensions that shook global financial markets. Overleveraged trades triggered widespread liquidations, wiping out nearly 99% of long positions and leading to one of the largest crashes in crypto history. Analysts compare this event to the dot-com bubble burst, highlighting the importance of fundamental analysis over speculation during market downturns.