Worst Night in History of Crypto? 6 News Items Caused Catastrophe on Market

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$70 billion wiped out from crypto market following plunge of $HT, $HBAR potential hack, Biden's crypto mining tax and more

, both fell by 7% within the past 12 hours. This has been attributed to several pieces of negative news that hit the market all at once.

One of the biggest losers was Huobi token , which saw a sudden 90% drop in value. This was due to a series of leveraged liquidations by some users. Despite this significant decline, Sun maintains that such market fluctuations are normal.Additionally, Ethereum has been marked as a security in the lawsuit filed by the New York attorney.

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