Today’s cryptocurrency news reflects a sharp decline triggered by rising global tensions and unexpected political moves. The price of Bitcoin briefly dipped below $101,000, while ETH USD fell below $3,300 before slowly recovering to $3,800 amid a wave of liquidations. This came soon after the dramatic announcement of new Chinese tariffs by the one and only President of the United States, the great Donald Trump. The United States imposes 100% tariffs on Chinese technology imports, which has intensified risk appetite in both the cryptocurrency and stock sectors.
BREAK:
President Trump will impose 100% tariffs on China starting November 1. pic.twitter.com/eBCzqjqIhh
— Watcher.Guru (@WatcherGuru) October 10, 2025
According to CoinGlass, over $19 billion in crypto positions were liquidated in 24 hours, more than seen during the FTX crash or even the Covid crash. CoinGecko reports that around $200 billion was wiped off the total cryptocurrency market capitalization before a slight recovery to $3.83 trillion.
Covid collapse: $1.2 billion in liquidations
FTX collapse: $1.6 billion in liquidations
Today: settlements of $19.31 billion
You wish you had purchased during the COVID crash.
This is your COVID incident. pic.twitter.com/OnmNY7e86s— Quinten | 048.eth (@QuintenFrancois) October 11, 2025
Bitcoin price resilience tested by Chinese tariffs and liquidations
Despite the chaos, Bitcoin’s price rebounded above $110,000, signaling strength in the face of macroeconomic pressures. CoinGlass shows that BTC long liquidations alone totaled $5.39 billion, while ETH saw similar losses of $4.44 billion.
(source – Long clearance, Coinglass)
Meanwhile, data from DefiLlama indicates that DeFi TVL has fallen to $147 billion, down 11% in 24 hours. However, perpetual futures volume is up 24% this week, great evidence that traders are still around, adapting.
(source – Defi TVL, Defillama)
With Bitcoin’s dominance stable at 58%, cryptocurrency markets appear shaken, with some predicting further pain in the coming week. ETH USD, although down, has returned to above $3,800, still more than 3x from the bottom of $1,200 down 2-3 years ago. This event represented a large sell-off following a macro spillover. The big dump is largely fueled by rising yields and Chinese tariffs, rather than a domestic crypto issue. It was not a black swan crypto event like the FTX collapse.
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ETH USD Recovery and Potential Altcoin Rotation
ETH USD fell 13% on the day, but has already rebounded 12% from the lows. Historic seasonality, often nicknamed “Uptober,” still holds true with two green days recorded this week. If past cycles are any indication, meme coins and smaller altcoins may soon see inflows once the panic subsides. Yes, this type of market movement was observed a lot in the period 2012-2016.
The funniest thing is that this type of cryptocurrency price action was completely normal from 2012 to 2016
Almost a weekly occurrence.
Be grateful
— Crypto Bitlord (@crypto_bitlord7) October 10, 2025
DefiLlama reports $47 billion in daily perpetual volume and $33 billion in DEX trades as another sign that interest in cryptocurrencies has not faded. As ETH USD rises and Bitcoin price stabilizes, the market may be preparing for a rotation phase.
Most of the current cryptocurrency news might seem bleak, but a deeper analysis shows that it is a macro shock, not a structural failure. As Chinese tariffs shake global sentiment, the next cryptocurrency rally may just be a settling dust.
Be strong, hold your position and relax. Leveraged trading is easily manipulated. Exchanges will not give their money away for free. Today might be the time to go shopping.
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Crypto Collapse Wipes Out $20 Billion as Ethena USDE Depeg Revives LUNA Flashbacks
What a market night. The latest cryptocurrency crash has become one of the most severe in the history of digital assets, wiping out nearly $19.37 billion in leveraged positions in 24 hours and briefly causing Ethena’s USDE to depeg.
Although the stablecoin has since returned to near $0.99, the event revived memories of past collapses such as LUNA’s UST and FTX, reminding traders how fragile stability can be in extreme market conditions.

Read the full story Here.
PepperFest Celebrates One Year Anniversary: How Much CHZ Price Will Rise in Q4
Chiliz turns up the heat: PepperFest’s first birthday brings rewards, contests, and a major community burning as CHZ price nears weekly lows.
Chiliz, the sports blockchain behind CHZ and Socios.com, launched PepperFest on Friday, October 10, marking the first digital anniversary of its community token, PEPPER.
The two-week campaign will run until October 24 across the project’s social and community platforms. It features a surprise airdrop for stakers, a “raid-to-earn” event, creator rewards paid in CHZ, and a community-driven burn that could remove up to a trillion PEPPER from circulation.
The launch comes as CHZ trades between $0.039 and $0.042, settling near weekly lows in a volatile cryptocurrency market.
Second Coingeko data, CHZ is trading around $0.0393, with a 24-hour range between $0.0391 and $0.0421 and a trading volume near $88 million.
(Source: Coingecko)
Read the full story Here.
Cryptocurrencies Down but Solana Treasuries Booming: 3 Best Solana Meme Coins to Buy
Institutional money continues to grow in Solana even as the cryptocurrency market cools, focusing new attention on the chain’s most liquid meme-coin exchanges.
A newly rebranded public company focused on Solana (ticker: HSDT) said Friday it has added Coinbase, BitGo and Anchorage Digital as custodians, continuing to build a corporate treasury called SOL.
The move, announced to 8 a.m. ET, highlights how the institutional infrastructure around Solana is expanding at a time when cryptocurrency prices have weakened over the past 24 hours.
Read the full story Here.
Will choosing STBL USDY trigger a major breakout in ONDO cryptocurrency prices?
A $50 million minting window for a new dollar-pegged stablecoin just opened, and traders are wondering if this is the boost the ONDO cryptocurrency needs.
STBL.com, the platform behind the USST dollar token, said on Friday that it has chosen Ondo Finance’s USDY as its primary collateral, enabling up to $50 million in new USST issuance.
The partnership, announced On October 10 in the hubs of Dubai, London and New York, STBL’s plan to expand its dollar liquidity using tokenized US Treasuries as support is shown.
Read the full story Here.
The post Cryptocurrency Market News Today, October 11: What Happened to Cryptocurrencies? Bitcoin price collapse, ETH USD below $4,000, further suffering on the way? More tariffs in China? appeared first on 99Bitcoins.