- Bitcoin hit a low of $102K-$104K amid tariff-driven market panic.
- Market shows underlying resilience; experts point to healthy Bitcoin structures.
- Massive liquidations totalling $19 billion signal significant market stress.
Bitcoin fell to $102,000–$104,000 between October 10–17, 2025, following Trump’s new tariffs on Chinese exports causing significant market volatility.
The crash highlights vulnerabilities in crypto markets, affecting major players like Coinbase and Binance, while Bitcoin’s structural integrity remains a point of discussion among analysts.
Bitcoin’s value tumbled to between $102,000 and $104,000 from October 10 to 17, 2025. This plunge followed substantial liquidations, macro shocks, and a global “risk-off” shift initiated by newly announced Chinese tariffs.
Donald Trump announced a 100% tariff on Chinese exports, triggering panic across global markets. Key players, including institutional sellers like BlackRock and Binance, offloaded significant Bitcoin volumes, contributing to heightened selling pressures.
The cryptocurrency market’s fallout has led to widespread panic, affecting major coins such as Ethereum and several altcoins. Bitcoin’s dominance has increased, indicating a shift of capital towards it from riskier assets.
Financial markets saw over $19 billion in leveraged positions liquidated. This triggered a rapid auto-deleveraging process, leading to further market stress and volatility.
On-chain data suggest Bitcoin maintained relative resilience, contrasting with a sharp selloff in altcoins. Market expert VirtualBacon affirmed Bitcoin’s underlying health, despite volatility. As VirtualBacon noted:
“Despite the recent volatility, Bitcoin’s underlying structure remains healthy.”
Potential outcomes include rate cuts anticipated by futures markets, possibly influencing macroeconomic stability. Historical trends, including 2020 and 2021 crashes, highlighted differing conditions, emphasizing unique responses to current market dynamics. For further understanding of risks, consult the Mitrade Risk Disclosure Statement.
