October 10, 2025, Friday, the cryptocurrency market experienced a significant downturn due to Trump’s tariff threats. The global largest cryptocurrency Bitcoin saw a daily decline of 13.5%, breaking the $110,000 threshold, with the lowest price reaching $105,930, before the decline narrowed.
According to Coinglass data, approximately $10 billion in crypto bets were liquidated in the past 24 hours, marking the largest wave of forced liquidations at least since early April this year. The liquidations were mainly concentrated on Friday afternoon in the US time, with traders seeing over $7 billion in positions liquidated within less than an hour.
Besides Bitcoin, other cryptocurrencies also suffered heavy losses. Ethereum once plunged by over 17%, while Ripple and Dogecoin dropped by more than 30%. CME Bitcoin futures BTC main contract fell 5.94% from the close of trading on Thursday in New York, to below $116,000, with a cumulative decline of 7.37% this week. CME Ethereum futures DCR main contract tumbled 11.29% on Friday, trading at $3,879, once dropping to $3,850, with a cumulative decline of 14.80% this week.
