The post Crypto Market Crash Today [ LIVE] Updates October 11th appeared first on Coinpedia Fintech News
October 11, 2025 05:24:21 UTC
Ethereum Price Crash Faces More Than Bitcoin
Gold advocate and Bitcoin critic Peter Schiff has sounded another alarm—this time on Ethereum’s sharp decline. While Bitcoin has dropped about 10% from its all-time high, Ether is down over 21%, now hovering near $3,900. Schiff cautioned that if ETH breaks its key support at $3,350, it could swiftly plunge toward $1,500. Known for his bearish stance on crypto, Schiff urged investors to “get out now,” predicting deeper pain if market sentiment worsens.
October 11, 2025 05:12:37 UTC
The Truth Behind the Crypto Crash Today
The recent crypto crash became the perfect storm for the biggest liquidation event in history, wiping out over $19 billion as hidden leverage across the market unraveled. Traders and funds had shifted from spot to leveraged positions chasing perp DEX airdrops, masking true market risk. When Trump’s 100% tariff announcement hit an already overbought equities market, it triggered a chain reaction. Fragile altcoin liquidity, overexposed leverage, and mismatched valuations caused a violent unwinding, forcing funds to liquidate. A brutal reset yet a setup for the next cycle.
October 11, 2025 05:12:37 UTC
Crypto Liquidation Today Hit $19.16 billion
The crypto market just witnessed its largest liquidation event in history, with over $19.16 billion wiped out in hours nearly 20x bigger than the March 2020 Covid crash and far surpassing the $1.6 billion FTX collapse. Triggered by Trump’s 100% tariff announcement on Chinese imports, Bitcoin plunged to $102K, altcoins crashed up to 90%, and over $1 trillion in market cap vanished. The event marks a historic leverage flush, resetting the market for the next potential bull phase.
October 11, 2025 05:12:37 UTC
Why Crypto Market is Crashing?
The crypto market crashed after Trump announced 100% tariffs on Chinese imports starting November 1, shocking global markets. Bitcoin plunged to $102K, altcoins dropped up to 90%, and over $1 trillion in market cap vanished within hours. On-chain data revealed a whale had opened massive shorts on BTC and ETH days before the announcement, profiting $200M from the crash. The event wiped out leverage and weak hands signaling a potential market reset rather than the end of the bull cycle.
Source: https://coinpedia.org/news/crypto-market-crash-today-live-updates-october-11th/
