*Cryptocurrency Crash on October 11, 2025*
On October 11, 2025, the cryptocurrency market experienced a significant crash, with Bitcoin's price plummeting from $122,000 to $102,000, marking a nearly 13% decline. Ethereum also saw a 21% drop, falling to $3,460. The event led to approximately $19 billion in liquidations, making it one of the largest liquidation events in crypto history [5][7][10].
The crash was primarily triggered by US President Donald Trump's announcement of imposing 100% tariffs on China, sparking global market volatility. Many traders faced substantial losses, with most experiencing liquidation and losing their positions [5][8].
*What Happened?*
- Bitcoin's price dropped from $122,000 to $102,000
- Ethereum's price fell 21% to $3,460
- Approximately $19 billion in liquidations occurred
- 1.6 million traders were affected
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