Citing Coinpedia, the crypto market crashed on October 11, 2025, wiping out over $400 billion in value as Bitcoin and Ethereum led a massive sell-off. U.S. President Donald Trump’s sudden announcement of a 100% tariff on Chinese imports triggered global panic, causing over $19 billion in leveraged crypto trades to be liquidated within hours. More than 1.6 million traders were affected, with Bitcoin dropping to $105,262 and Ethereum falling over 16%. The stablecoin USDe also lost its dollar peg, deepening the crisis. Altcoins such as Solana, XRP, Dogecoin, and Shib saw losses between 16% and 40%.
Crypto Market Loses $400 Billion Amid Trump's 100% China Tariff Announcement
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