Crypto Black Friday Explained
Crypto Black Friday led to a loss of $19.5 billion in hours, revealing flaws and manipulation risks in crypto markets.
On October 10-11, 2025, the cryptocurrency market experienced a sharp collapse, dubbed Crypto Black Friday, with over $19.5 billion in leveraged positions wiped out, causing Bitcoin to drop by 8.4% and shaking investor confidence worldwide.
The event was triggered by the US's 100% tariff announcement on Chinese goods, which revealed deeper cracks in the system, including automated trading, thin liquidity, and structural weaknesses.
The crash began after President Trump confirmed steep new tariffs on Chinese imports, fuelling fears of higher inflation and tighter Federal Reserve policy.
- $19.5 billion lost in hours
- Bitcoin dropped by 8.4%
- Investor confidence shaken worldwide
Author's summary: Crypto Black Friday exposed market flaws.