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4h ago

Crypto Markets Rebound After Record $19 Billion Liquidation as Binance Pays $283 Million

A tariff warning from President Trump hit thin liquidity, setting off forced selling across exchanges.

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Ethena’s USDe faces depeg scare as ENA price holds steady amid market turmoil
Ethena's usde briefly loses peg during $19b crypto liquidation cascade
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Overview

  • Bitcoin traded near $115,000 and Ethereum topped $4,100 on Monday, with majors such as BNB, Solana and Dogecoin leading broad one‑day gains.
  • Roughly $19–20 billion in positions were liquidated Friday in one of crypto’s largest single‑day wipeouts after the tariff shock triggered cascade selling.
  • Binance reported a localized USDe depeg and other pricing anomalies during the crash, announced $283 million in compensation, and outlined new safety measures.
  • Ethereum recovered faster than many rivals, with analysts citing ETF demand and on‑chain accumulation including BitMine’s purchase of 41,421 ETH.
  • Volatility signals remain elevated as options hedging picks up and some commentators allege coordinated exploitation, a claim that remains unconfirmed.