The cryptocurrency market faced a sudden, sharp test on October 10, when all six of the top coins by market capitalization, Bitcoin, Ethereum, BNB, XRP, Solana, and Dogecoin, experienced a synchronized crash. According to the Tradingview website, prices across the board tumbled in a single hour, providing what analysts are now calling a rare “power hour” to gauge market resilience.
The trigger, according to market observers, was a tweet by US President Donald Trump hinting at renewed tariffs on China. The announcement set off a chain reaction, large sell orders and stop-loss triggers, leveraged positions being liquidated, and algorithmic trading amplifying the panic. The result was an abrupt market-wide sell-off.
