Crypto Market Flash Crash on October 10, 2025: Impact and Insights
On October 10, 2025, the cryptocurrency market experienced a major flash crash following an announcement by U.S. President Donald Trump imposing a 100% additional tariff on Chinese goods. This sudden geopolitical development led to sharp declines across the crypto space.
Bitcoin (BTC) was significantly affected, dropping over 10% and falling below the $110,000 mark, slipping from approximately $111,764.27 before the crash. Ethereum (ETH) also fell sharply by around 16%, dipping below $3,700. Altcoins such as XRP and Solana (SOL) saw dramatic declines of 20%-30%, while other tokens like Cardano (ADA) and Chainlink (LINK) suffered losses reaching up to 40%.
The crash triggered liquidations exceeding $7 billion for traders holding leveraged positions, showcasing the extensive impact on market participants. Observers compared the sharp market movements to those experienced during the COVID-19 pandemic crash in March 2020.
This event unfolded amid escalating trade tensions between the U.S. and China, spurred by Trump's tariff threats. Analysts warn that if such geopolitical uncertainties continue, the crypto market could face sustained volatility in the coming months.
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