Crypto Market Suffers $800 Billion Loss Due to Geopolitical Tensions

The cryptocurrency market experienced a significant downturn in October 2025, losing nearly $800 billion in value. This steep drop was primarily triggered by the U.S.’s tariff announcement on China. Bitcoin, Ethereum, and other leading altcoins suffered notable price declines, with some experiencing losses exceeding 16%. High leverage within cryptocurrency derivatives contributed to $19.2 billion in liquidation events, further exacerbating market volatility.