Quick Take: Bitcoin Plunge, Broader AI News Trigger ₱49.6 Billion Crypto Liquidation Spree
Traders betting on a Trump-fueled supercycle got a brutal reminder. Bitcoin’s sharp drop below $100,000 sparks a cascade of liquidations across crypto markets, wiping out $850 million (₱49.6 billion) in leveraged positions over 24 hours. What’s the significance: The sell-off hammered AI-related tokens and memecoins hardest, made worse by a broader tech stock downturn sparked