Crypto Market Plunges: $19 Billion Liquidations Leave Traders Bewitched

The cryptocurrency market experienced a turbulent shake-up on Saturday, October 11, 2025, as fear and panic selling triggered massive liquidations. A sudden announcement by U.S. President Donald Trump regarding tariffs on goods imported from China sparked widespread concern about a global trade war, leading to a rapid decline in prices for Bitcoin (BTC) and Ethereum (ETH). The ensuing sell-off resulted in losses of billions, with the total liquidation volume reaching an unprecedented $19 billion, the highest ever recorded in crypto history.