{"id":2490752,"date":"2025-10-12T17:09:04","date_gmt":"2025-10-12T21:09:04","guid":{"rendered":"https:\/\/monetizemail.com\/magatoon\/?p=2490752"},"modified":"2025-10-12T17:54:37","modified_gmt":"2025-10-12T21:54:37","slug":"historic-financial-carnage-more-than-a-trillion-dollars-in-market-value-was-just-wiped-out-in-a-24-hour-period","status":"publish","type":"post","link":"https:\/\/monetizemail.com\/magatoon\/2025\/10\/12\/historic-financial-carnage-more-than-a-trillion-dollars-in-market-value-was-just-wiped-out-in-a-24-hour-period\/","title":{"rendered":"Historic Financial Carnage: More Than A Trillion Dollars In Market Value Was Just Wiped Out In A 24 Hour Period"},"content":{"rendered":"<p>Was this just an isolated incident, or is this the beginning of the Big Crash? \u00a0The carnage that we witnessed on Friday was absolutely breathtaking. \u00a0The largest single day wipeout in the history of the cryptocurrency industry was accompanied by a tech bloodbath of epic proportions. \u00a0Many investors that were very highly leveraged got absolutely monkey-hammered. \u00a0In particular, wave after wave of forced liquidations caused a cascading cryptocurrency crash that was unlike anything that we have ever seen before. \u00a0Approximately 19.2 billion dollars in leveraged positions were suddenly liquidated, and as a result the collective value of all cryptocurrencies fell <a href=\"https:\/\/coinpedia.org\/news\/800-billion-crypto-crash-why-bitcoin-ethereum-xrp-and-altcoins-are-falling\/\">by almost 800 billion dollars<\/a> in just 24 hours\u2026<\/p>\n<p class=\"attribution\">The post <a href=\"http:\/\/theeconomiccollapseblog.com\/historic-financial-carnage-more-than-a-trillion-dollars-in-market-value-was-just-wiped-out-in-a-24-hour-period\/\" rel=\"nofollow\">Historic Financial Carnage: More Than A Trillion Dollars In Market Value Was Just Wiped Out In A 24 Hour Period<\/a> was first published by Michael Snyder on <a href=\"http:\/\/theeconomiccollapseblog.com\/\" rel=\"nofollow\">The Economic Collapse Blog<\/a> and is republished here with his permission. <a href=\"https:\/\/www.paypal.com\/cgi-bin\/webscr?cmd=_s-xclick&hosted_button_id=ZE5PZEB7DQRHA&source=url\" target=\"_blank\" rel=\"noopener\">Please support his efforts.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Was this just an isolated incident, or is this the beginning of the Big Crash? \u00a0The carnage that we witnessed on Friday was absolutely breathtaking. \u00a0The largest single day wipeout in the history of the cryptocurrency industry was accompanied by a tech bloodbath of epic proportions. \u00a0Many investors that were very highly leveraged got absolutely &hellip;<\/p>\n","protected":false},"author":127,"featured_media":2490754,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[71],"class_list":["post-2490752","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news-politics","tag-opinion"],"_links":{"self":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2490752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/users\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/comments?post=2490752"}],"version-history":[{"count":1,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2490752\/revisions"}],"predecessor-version":[{"id":2490753,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2490752\/revisions\/2490753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/media\/2490754"}],"wp:attachment":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/media?parent=2490752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/categories?post=2490752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/tags?post=2490752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}