$19B Crypto Crash Rebounds as Trump Eases China Tariff Fears

Dubai, United Arab Emirates, October 13, 2025 – Crypto markets experienced unprecedented volatility on Friday following an announcement by former President Donald Trump on Truth Social regarding new US tariffs on Chinese imports. The tariffs, set to take effect on November 1st, would impose an additional 100% duty on Chinese imports on top of existing tariffs.

The announcement triggered the largest single-day liquidation in crypto history, with over $19 billion in perpetual futures positions liquidated across centralized and decentralized exchanges. Bitcoin, which had been trading around $120,000, dropped over 9% to a low of $110,000, while some altcoins recorded declines exceeding 50%.

Despite the dramatic sell-off, institutional investors appeared to remain largely unshaken. Spot Bitcoin ETFs recorded relatively minor net outflows of $4.5 million, in stark contrast to past market crashes that have seen hundreds of millions of dollars exit the market. BlackRock’s IBIT ETF recorded an inflow of $74.2 million on Friday and recently surpassed the 800,000 bitcoin AUM milestone.

Markets began recovering following a subsequent post from Trump on Truth Social, stating: “Don’t worry about China, it will all be fine.” Bitcoin rebounded to $113,000, signaling renewed optimism in the market.

Crypto investors and analysts alike are keeping a close eye on Trump’s Truth Social updates for potential market-moving announcements this week.

BIGGEST MOVERS

Despite the crash in the wider crypto markets, $DASH and $ZEC are up 63% and 67% respectively since last week amidst a re-emerging interest and growing sentiment toward privacy cryptoassets.

$SNX, the native token for the Synthetix protocol is up 95%, surging to a ten-month high, as anticipation builds for the launch of its (and the first-ever on the Ethereum mainnet) perpetual decentralized exchange.

Discover more here: https://www.etoro.com/discover/markets/cryptocurrencies/market-movers

EYE-CATCHING STORIES

BlackRock’s IBIT spot bitcoin ETF crosses 800,000 BTC milestone

After seeing over $4 billion worth of inflows since the start of October, BlackRock’s IBIT spot bitcoin ETF has become the first to cross 800,000 bitcoin in assets under management, and is also closing in on the $100 billion AUM milestone – potentially the fastest ETF in history to do so.

With 804,944 bitcoin being held in IBIT, this now represents 3.8% of the total amount of bitcoin that will ever be in existence and puts IBIT as the largest entity holding bitcoin. Strategy is in second place with a holding of 640,031 bitcoin or 3.048% of the 21 million supply.

The amount of bitcoin held in treasuries, by public companies, in spot ETFs and by governments has increased 5.35% in the last 30 days, with the number of unique entities holding bitcoin increasing from 322 to 346 in the same time period.

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This article was originally published as $19B Crypto Crash Rebounds as Trump Eases China Tariff Fears on Crypto Breaking News – your trusted source for crypto news, Bitcoin news, and blockchain updates.