Global markets are in turmoil as crypto and stocks plunge, with over $1.48 billion wiped out from the crypto market in 24 hours. Stocks in the US, India, and Asia are also struggling due to US trade policy concerns and economic uncertainty.
Crypto Market Wipeout
<> Crypto market cap fell from $3.12T to $2.9T (-7%) in a day.
<> Bitcoin (BTC) lost $638M in liquidations, mostly from long positions.
<> Ethereum (ETH) liquidations hit $301M, with $276M from long positions.
<> Solana (SOL): $110M lost, XRP: $57.9M liquidated.
<> Largest single liquidation: $20.8M BTC trade on Binance.
US Stocks Struggle
<> S&P 500 (-0.50%) | Nasdaq (-1.21%).
Major tech stocks suffered:
<> Nvidia (NVDA) -3.09%, Broadcom (AVGO) -4.91%, Tesla (TSLA) -2.13%.
<> Palantir (PLTR) sank 10.53%.
<> $927 billion wiped out on Feb 23, called “the worst day of 2025.”
Indian & Asian Markets Drop
<> Nifty falls for the 6th session, closing at 22,548.
<> Key losers: Sun Pharma, Hero MotoCorp, Hindalco (-2% to -3%).
<> Hang Seng Index (-0.6%), Hang Seng Tech (-1.2%).
<> Kospi (-0.4%), Shanghai Composite (-0.2%).
What’s Causing the Crash?
<> US-China trade tensions and tariff concerns.
<> Global economic slowdown fears.
<> Massive crypto liquidations triggered panic selling.
What’s Next?
Investors are on edge, watching economic data and earnings reports for signs of recovery—or more pain ahead.
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