The cryptocurrency world experienced one of its most volatile weekends on record this October. On the weekend of October 11th to 12th, Bitcoin plummeted from around $123,000 to below $107,000, with similar drops occurring across Ethereum, Solana, Cardano, and others.
Massive sell-offs erased over 19 billion dollars from the market in just 24 hours, triggering panic among both institutional and private investors. Forced liquidations, particularly for those using leverage, contributed to the speed and depth of the crash. Ethereum fell below $3,900, and some popular altcoins saw declines of up to 40%.
Analysts place the blame squarely on the shock announcement of new US tariffs against China, which rattled confidence and sparked a flight from risky assets. Market thinness and excessive leverage aggravated the rapid downturn – with institutional players and spot exchange-traded funds accelerating the swings.
Despite a modest rebound, with Bitcoin climbing back above $115,000 and Ethereum recovering to over $4,100, volatility remains extremely high. Experts warn that regulatory and geopolitical risks could prompt further sell-offs, reminding all investors that the world of digital assets remains as unpredictable as ever.
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