Crypto Black Friday led to the disappearance of $19.5 billion in a matter of hours, revealing significant structural issues and manipulation risks within cryptocurrency markets.
On October 10-11, 2025, the cryptocurrency market experienced a sharp collapse, with the community referring to it as Crypto Black Friday. This event resulted in the loss of over $19.5 billion in leveraged positions, causing Bitcoin to drop by 8.4% and shaking investor confidence globally.
The crisis began as a response to the US announcement of a 100% tariff on Chinese goods, which eventually exposed deeper flaws in the system. Automated trading, thin liquidity, and structural weaknesses combined to trigger a chain reaction across exchanges.
The initial signs of the crash appeared after President Trump confirmed the introduction of steep new tariffs on Chinese imports, fueling fears of higher inflation and tighter Federal Reserve policy.
Crypto Black Friday wiped out $19.5 billion in hours, exposing structural flaws and manipulation risks in crypto markets.
Author's summary: Crypto Black Friday resulted in $19.5 billion loss.