Ether's 7% Plunge Leads Crypto Liquidations in $600M Carnage

Friday brought carnage onto crypto markets as U.S.-China trade tensions ratcheted up with Trump threatening a massive increase in tariffs against Chinese goods. Worst-hit among the crypto benchmark CoinDesk 20 Index constituents was Ethereum's native token ether (ETH), nosediving 7% from Friday's session high and hitting its weakest price since late September below $4,100. Its decline far outpaced bitcoin's (BTC) 3.5% drop below $118,000 and the index's 5% plunge. The broad-market downturn spurred a liqu ...