Crypto Market Crash Erases $170B, Triggers $1.5B in Liquidations

The crypto market crash wiped out more than $170 billion in a single day as hefty outflows piled up on Tuesday, because markets apparently read the geopolitical news too. It triggered more than $1.5 billion in liquidations of leveraged crypto positions. The slump tracks rising oil prices and fresh tensions from the U.S.–Iran conflict — because nothing pairs with a red day quite like a geopolitics headline.