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Crypto Today: Markets Recover From Biggest Liquidation in Crypto History

Today in crypto, Zcash has rebounded to pre-crash highs, reaching approximately $293 per coin after a significant flash crash on Friday, which resulted in $20 billion in liquidations across the market. While Zcash showed resilience, many altcoins faced severe losses; some dropped as much as 95% of their value. This liquidation event, the largest in crypto history, follows President Trump's announcement of increased tariffs on China. Following the crisis, Kris Marszalek, the CEO of Crypto.com, called for regulatory scrutiny of exchanges that handled the bulk of the liquidations. He questioned whether these platforms maintained fair trading practices during the turmoil. According to reports, Hyperliquid led in losses, with $10.31 billion in liquidated positions. Meanwhile, Bitcoin, which dipped to $102,000, is expected to remain volatile as market sentiment stabilizes. Experts, including Swan Bitcoin's CEO Cory Klippsten, suggest that the ongoing risk-off market environment may cause further fluctuations before a recovery can establish support levels for Bitcoin.

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Crypto traders blame Trump’s tariffs in search of ‘singular event’

Crypto retail traders attributed a recent decline in the broader crypto market to President Donald Trump's announcement of a 100% tariff on China. This behavior, described by sentiment platform Santiment as ‘rationalization,’ reflects a common tendency among retailers to seek a singular cause for significant downturns. Following the

Crypto traders blame Trump’s tariffs in search of ‘singular event’

Crypto traders have attributed the recent downturn in the market to US President Donald Trump's announcement of a 100% tariff on China, a common behavior among retail investors who seek singular events to explain market declines, according to the sentiment platform Santiment. The report noted a surge in

Worst Liquidation Event in Crypto History: Jonathan Man on What Happened and How

On October 11, 2025, a significant liquidation event in the crypto market led to an estimated loss of over $20 billion. Jonathan Man, a portfolio manager at Bitwise, described the event as the worst in crypto history, which saw bitcoin experiencing a rapid 13% drop within an hour. The rapid

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