Crypto Market Suffers Historic Crash
🔴The global cryptocurrency market just experienced its largest single-day collapse on record, with total capitalization plunging nearly 10% and futures liquidations surpassing $19 billion. More than 1.6 million traders were forced out of positions — the vast majority from overleveraged longs. Amid widespread panic, Bitcoin briefly dropped to $102,000, while major altcoins saw declines of up to 70%.
🔴The sell-off was triggered by Donald Trump’s announcement of 100% tariffs on Chinese imports and potential export restrictions on critical software. The remarks sent shockwaves through global markets, sparking a synchronized sell-off across both crypto and equities. The S&P 500 and Nasdaq posted their steepest declines in six months, while the Crypto Fear & Greed Index plunged to 35, signaling a sharp return to risk aversion and market fear.
https://crypto-jazz.com/crypto/2025/10/11/crypto-market-suffers-historic-crash/
