Crypto Black Friday Explained
Crypto Black Friday led to the disappearance of $19.5 billion in a matter of hours, revealing structural 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 globally.
The event was triggered by the US's 100% tariff announcement on Chinese goods, but it exposed deeper issues, including automated trading, thin liquidity, and structural weaknesses that combined to trigger a chain reaction across exchanges.
The crash began after President Trump confirmed steep new tariffs on Chinese imports, fueling fears of higher inflation and tighter Federal Reserve policy.
The community has dubbed this event Crypto Black Friday.
Author's summary: Crypto Black Friday wiped out $19.5 billion in hours.
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