Record Crash: On Oct. 10–11, 2025 the crypto market was rocked by one of its biggest-ever selloffs. Over $19–20 billion in leveraged bets were liquidated in 24 hours – a record wipeout [1][2]. The rout was triggered by President Trump’s surprise announcement of 100% tariffs on Chinese imports, which sent investors scrambling for the exits [3][4].
Major Losses: Bitcoin plunged roughly 10% from its recent high, briefly dipping below $105K (from about $125K) [5][6]. By mid-crash, BTC hit lows near $102K, one of its steepest drops ever [7][8]. Ethereum, the second-largest crypto, fell even harder – off about 15–20%, hitting the mid $3,000 range [9][10]. Many altcoins plunged 30–40% or more (e.g. XRP -31%, Doge -39%) [11]
