Indians rush to buy crypto as industry sees $19 billion wipeout
Major crypto exchanges in India saw a jump in spot trading volumes as US President Donald Trump's additional 100% tariffs on China triggered a bloodbath in the global crypto market. According to Coinglass, over $19 billion worth of leveraged positions were erased, marking the largest crypto liquidation in history. "Investors are actively buying the dip," CoinSwitch VP Balaji Srihari said.