Crypto Market Suffers $670B Loss After Auto-Liquidations Triggered by Trump Tariffs

A staggering $670 billion was wiped out from the cryptocurrency market in October 2025 due to a dramatic selloff following President Donald Trump’s announcement of tariffs on Chinese imports. The event, which triggered widespread liquidations on centralized exchanges (CEXs), marked a historic downturn in the crypto market. 1.6 million traders were impacted and $19 billion in leveraged positions were liquidated as altcoins like Solana and Ripple saw significant price drops, with Bitcoin and Ethereum also experiencing notable declines.