Bitcoin, Ethereum, and Dogecoin Suffer Significant Losses as Crypto Liquidations Hit Record $19 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 11 2025
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Source: Yahoo Finance
Market Reaction to Trade Tariffs: Crypto markets experienced a significant downturn on Friday following President Trump's threats of new trade tariffs on China, leading to a record $19 billion in liquidations, primarily affecting long positions.
Impact on Major Cryptocurrencies: Bitcoin fell from over $121,000 to below $106,000, while Ethereum dropped from $4,300 to under $3,600, with altcoins like Dogecoin and Cardano seeing declines of up to 40% before partial recoveries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
