US EditionBexBack Launches No KYC, 100x Leverage and Multiple Deposit Bonuses to Navigate Cryptocurrency Market Crash
The 24-hour crash wiped out nearly $20 billion in leveraged crypto positions amid escalating U.S.-China trade tensions and triggered the lowest market sentiment in six months.
- CoinGlass reported over $19 billion in leveraged positions were wiped out within 24 hours on Saturday, marking the largest single-day crypto liquidation as Bitcoin dropped to about $101K.
- Amid Beijing's export restrictions, President Donald Trump posted on Truth Social, announcing a 100% tariff on Chinese imports, sparking market turmoil.
- Over 1.6 million traders were liquidated across major exchanges, with most losses from long positions totaling $16.6 billion, and Hyperliquid recorded a $203 million wipeout.
- The Crypto Fear & Greed Index dropped sharply to Fear levels, as the crypto market cap slid from $4.2 trillion to $3.8 trillion and major stock indices fell.
- Despite the sell-off, analysts warned of potential manipulation and contagion risks, with Bitcoin support level at $104,782, according to CoinGlass.
47 Articles
47 Articles
Stuck by Donald Trump's new trade war with China, the cryptocurrency market has made a historic dive on Friday. In the space of 24 hours, nearly $20 billion has been liquidated in the various markets. A real Krach.
BexBack Launches No KYC, 100x Leverage and Multiple Deposit Bonuses to Navigate Cryptocurrency Market Crash
SINGAPORE, Oct. 11, 2025 (GLOBE NEWSWIRE) -- On October 10, 2025, the cryptocurrency market witnessed an unprecedented crash as Bitcoin and other digital currencies plummeted following a series of economic measures by the U.S. President Donald Trump. His decision to impose additional tariffs on China sparked panic within the crypto space, leading to some altcoins crashing by more than 70%. Amid this market turmoil, BexBack Exchange is stepping u…
Crypto sees record $19 billion wipeout as Trump slaps 100% tariff on Chinese tech imports
Cryptocurrency markets plunged after Trump announced a 100% tariff on Chinese tech imports, triggering a record $19 billion liquidation. Major tokens, including Bitcoin, Ethereum, XRP, and Binance Coin, saw steep declines, highlighting heightened volatility amid U.S.-China trade tensions and global crypto market instability.
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