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Markets recover from the largest extermination of crypto history


Now in Crypto, Zcash has recovered at pre-crash highs, Crypto.com CEO Kris Marszalek has encouraged regulators to research exchanges after $ 20 billion in fluids, and the price of bitcoin may experience more volatility in the coming days.

Zcash captures pre-crash highs

The price of zcash (ZEC) Got to pre-crash highs And hit a new high of nearly $ 293 on Saturday, following a quick flash crash on Friday that brought $ 20 billion to liquid crypto in 24 hours.

Zcash traded nearly $ 293 per coin at this time of writing, after plummeting of 45% on Friday; Price recovery sets it apart from most of the Altcoin market, which has suffered double digit losses that reach Saturday.

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Zcash rebounds to pre-crash levels and forms a new high. Source: Tradingview

Altcoins dropped nearly 95% of their value on Friday, following a statement from US President Donald Trump announcing the rise of tariffs in China.

Crashing represents the fastest and serious crypto destroying event in sector history and a reminder of risks of leveraged trading.

CEO of Crypto.com calls for investigations in exchanges after $ 20B fluids

Crypto.com CEO Kris Marszalek has called for a regulation investigation In exchanges that suffered the largest losses following a record of $ 20 billion in liquid crypto over the past 24 hours.

In a post on Saturday at X, Marszalek urged the regulators to “conduct a thorough review of fairness of skills,” asked if trade platforms slowed down, incorrectly owned, or failed to keep the Was Was Anti-manipulation and compliance controls During crashing.

“Regulators should look at exchanges with most exterminations in the last 24 hours,” he wrote. “Any of them slow down a stop, effectively not allowing people to trade? Is everyone in priced correctly and consistent with indexes?”

Data from coinglass shows that hyperliquid led all exchanges with fluids, which recorded $ 10.31 billion in wiped positions. This is followed bybit with $ 4.65 billion, and Binance with $ 2.41 billion. Other major platforms such as OKX, HTX and Gate have seen a smaller sum, at $ 1.21 billion, $ 362.5 million and $ 264.5 million, respectively.

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Liquid crypto reached about $ 20 billion. Source: Coinglass

Bitcoin can get ‘draging around a bit’ amidst Trump’s tariff fears: Exec

Swan Bitcoin CEO said Cory Klippsten The volatility of bitcoin price It may not end with the cryptocurrency briefly fell to $ 102,000 on Friday, following US President Donald Trump’s announcement of a 100% tariff on Chinese imports.

“If the wider risk-off condition holds, Bitcoin can be dragged around a little before it finds support and starts decouple again,” Klippsten told Cointelegraph on Friday.

Klippsten said Bitcoiners should expect some chaos in the coming days. “Macro-driven dips like these usually wash entrepreneurs and weak hands, then reset the positioning for the next leg,” Klippsten said.

Over the past 24 hours, around $ 2.19 billion in the long position of Bitcoin has been that -liquidate, contributing to a total of $ 8.02 billion in long extermination throughout the wider crypto market, According to In coinglass.