The Trump Tariff Crash: $19B Vanishes from Crypto Overnight
October 11, 2025 — a date that rocked the entire crypto world.
Minutes after Donald Trump announced 100% tariffs on all Chinese imports, panic swept across markets. In just a few hours, over $19 billion in crypto leverage was wiped out, taking 1.6 million traders down with it.
Bitcoin, Ethereum, and Solana nosedived. Even USDe, a major stablecoin, briefly crashed to $0.65 before recovering later that night.
Analysts called it a “domino meltdown” — tariffs sparked fear, fear triggered liquidations, and billions vanished.
But not everyone lost — one anonymous trader reportedly made $200 million betting against the market.
This crash revealed one brutal truth:
👉 Crypto isn’t immune to global politics.
👉 Leverage can destroy faster than it builds.
