Bitcoin took a beating on Friday after Trump's China post. (Photo: Unsplash) Show Quick Read Summary is AI Generated. Newsroom Reviewed

Although the market trajectory appears to be relatively rosy on Monday's trade, it was anything but that in the past 48 hours, where the global market witnessed an unprecedented selloff that permeated even the crypto market. Over the weekend, cryptocurrencies witnessed one of the biggest sell-offs that eventually led to $550 billion being wiped off from the crypto market, while many altcoins fell by 50% or more.

According to CoinGlass, around $19 billion in crypto positions were liquidated by Friday afternoon, not too long after Donald Trump's decision to announce a fresh 100% tariff on China. With US markets closed after taking a heavy beating, it

See Full Page