{"id":103948,"date":"2025-10-11T10:38:27","date_gmt":"2025-10-11T10:38:27","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=103948"},"modified":"2025-10-11T10:38:27","modified_gmt":"2025-10-11T10:38:27","slug":"crypto-markets-bled-900-billion-as-bitcoin-dumped-to-3-month-low-weekend-watch","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=103948","title":{"rendered":"Crypto Markets Bled $900 Billion as Bitcoin Dumped to 3-Month Low: Weekend Watch"},"content":{"rendered":"

Bitcoin\u2019s price went through a sudden and painful crash on Friday evening and Saturday morning, dropping to its lowest position since early July.<\/p>\n

As this became<\/a> the single-largest daily liquidation event with more than $19 billion wrecked, the total market cap plunged by $900 billion at one point.<\/p>\n

BTC\u2019s Crash<\/h2>\n

What a week it has been for the primary cryptocurrency. It all started on the right foot, with a surge past $124,000 last Sunday and up to $126,000 on Monday, which became a new all-time high.<\/p>\n

The asset lost some traction in the following days, but remained steady above $120,000 and even $122,000 on Friday. Then came the Trump warning against China, and all hell broke loose.<\/p>\n

At first, the POTUS alleged<\/a> China was deceitful in certain cases, which is why he brought up the old-fashioned tariffs in play. Later, though, he doubled down by confirming<\/a> that the US will impose a 100% tariff on Chinese products starting from November 1.<\/p>\n

The effects on the over-leveraged crypto markets were profound. In just several hours, bitcoin plummeted from $122,000 to just over $101,000 on some exchanges, and $105,000 on others. This became its lowest price tag in over three months. The move south was followed by most altcoins, but more on that later.<\/p>\n

The overall liquidations set a record at more than $19 billion in a day, with over 1.6 million traders getting wrecked.<\/p>\n

BTC has recovered some ground and now sits around $112,000, but it\u2019s still 8% down on the day. Its market cap has plunged to $2.235 trillion, while its dominance over the alts is at 58%.<\/p>\n

<\/a>BTCUSD. Source: TradingView<\/p>\n

Alts\u2019 Meltdown<\/h2>\n

While BTC\u2019s crash was massive, it pales in comparison to what happened to some altcoins. Cardano\u2019s ADA, for instance, nosedived<\/a> by over 65% from top to bottom, dumping to a yearly low of under $0.30. Although most have moved off the lows marked earlier today, they are still down by substantial percentages.<\/p>\n

ETH (-11%), XRP (-12%), SOL (-16%), DOGE (-22%), LINK (-19%), XLM (-12.6%), and SUI (-21%) are some of the double-digit examples. ZEC is the only exception, having surged by 12% to $255.<\/p>\n

The cumulative market cap of all crypto assets plunged by $900 billion during the darkest hours of the crash, dropping to $3.3 trillion. It has recovered a lot of ground to over $3.8 trillion now, but it\u2019s still down by $400 billion since yesterday.<\/p>\n

<\/a>Cryptocurrency Market Overview Daily. Source: QuantifyCrypto<\/p>\n

The post Crypto Markets Bled $900 Billion as Bitcoin Dumped to 3-Month Low: Weekend Watch<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin\u2019s price went through a sudden and painful crash on Friday evening and Saturday morning, dropping to its lowest position since early July. As this became the single-largest daily liquidation event with more than $19 billion wrecked, the total market cap plunged by $900 billion at one point. BTC\u2019s Crash What a week it has […]<\/p>\n","protected":false},"author":0,"featured_media":103949,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-103948","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/103948"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=103948"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/103948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/103949"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=103948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=103948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=103948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}