Analysts See 2020 Parallels in Crypto’s $19B Market Washout

The crypto sector experienced its worst-ever single-day liquidation this past weekend after U.S. President Donald Trump’s announcement of a 100% tariff on Chinese tech exports sent a jolt through the digital asset markets, wiping out more than $19 billion in leveraged positions and dragging prices to key distress levels.
That sudden drop now has analysts making comparisons to the infamous crypto crash of March 2020, raising the question: Is this drop the start of a bigger crash or a reset before another rise?
Analysts See 2020 Parallels in Crypto’s $19B Market Washout

The crypto sector experienced its worst-ever single-day liquidation this past weekend after U.S. President Donald Trump’s announcement of a 100% tariff on Chinese tech exports sent a jolt through the digital asset markets, wiping out more than $19 billion in leveraged positions and dragging prices to key distress levels.
That sudden drop now has analysts making comparisons to the infamous crypto crash of March 2020, raising the question: Is this drop the start of a bigger crash or a reset before another rise?