Crypto Market Faces Deep Cuts With $550 Billion-Rout: Why Did Bitcoin, Ether Fall Overnight?

According to CoinGlass, around $19 billion in crypto positions were liquidated by Friday afternoon, not too long after Donald Trump's decision to announce a fresh 100% tariff on China.

Oct 13, 2025 - 14:00
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Crypto Market Faces Deep Cuts With $550 Billion-Rout: Why Did Bitcoin, Ether Fall Overnight?
According to CoinGlass, around $19 billion in crypto positions were liquidated by Friday afternoon, not too long after Donald Trump's decision to announce a fresh 100% tariff on China.

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