A severe crypto downturn on 21 November wiped out approximately $1.93 billion (£1.46 billion) within 24 hours, liquidating around 396,000 traders. The impact of this crash extends beyond small investors, affecting high-profile figures, including the Trump family and prominent traders.
This sudden collapse has set the stage for difficult conversations around holiday tables, as many confront significant financial losses. The scale of the sell-off highlights the dangers of excessive leverage in the volatile crypto market.
