Crypto Liquidation hits $19B as Trump’s China Tariff Triggers Market Crash
October 11, 2025 · 5:52 AM
The crypto market experienced its largest single-day loss ever, with over 1.6 million traders liquidated and total losses exceeding $19 billion. This significant downturn was triggered by President Trump's announcement of a 100% tariff on China and new export restrictions, which unsettled global markets.
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