The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.

The crash was caused by a perfect storm of short-term factors, causing $20 billion in liquidations — the worst 24-hour drain in crypto history.
The selling in Bitcoin and altcoin is not over yet, but data suggests that the nature of the CME Bitcoin and equities futures market open on Sunday will determine the direction BTC price takes.
Some altcoins lost over 95% of their value during Friday’s crash, which triggered the most severe and rapid liquidations in crypto history.
The provision in the National Defense Authorization Act could create even more economic pain for the crypto mining industry if passed.
After yesterday's multibillion dollar leveraged crypto wipeout, traders are licking their wounds — but those who cannot remember the past are condemned to repeat it.
ZEC recovered all its value lost during Friday's market meltdown and also hit a recent high of $291 before dipping to the $270 level.
AI wearables will harvest our most intimate data while we pretend privacy still exists. Cryptography could enable us to keep our privacy.
Major policy changes worldwide are shaping how the crypto industry will operate.
Crypto.com CEO Kris Marszalek has urged regulators to probe exchanges after $20 billion in liquidations, far outpacing any previous market crash, including FTX.
BTC’s price decline is relatively less severe than what occurred before significant reversals in the past, suggesting that Bitcoin may continue its uptrend.
Mike Novogratz’s Galaxy Digital has secured a $460 million investment to convert its former Bitcoin mining site in Texas into a large-scale AI data center.
Bitcoin stayed near three-week lows after a giant $20 billion liquidation cascade, but crypto market predictions warned that the bottom was not yet in.
US spot Bitcoin ETFs logged $2.71 billion in weekly inflows, even as Trump’s China tariff comments triggered a brief market outflow.
The last time the Crypto Fear & Greed Index dropped to this level of fear, Bitcoin’s price was trading around $80,000.
An economist said Bitcoin declining more than 5% in October is “exceedingly rare,” and historically, the asset has usually rebounded within the following week.
Swan Bitcoin CEO Cory Klippsten said Bitcoin's price plunge on Friday was "classic macro whiplash," and Bitcoiners should expect turbulence in the short term.
Bitcoin plunged to $102,000 in the Binance perpetual futures pair after Trump announced sweeping tariffs on China on Friday, reigniting fears of a broader trade and market sell-off.
A global survey finds investors are deepening exposure to blockchain and AI, though many remain skeptical that decentralized finance will take over traditional markets.
Bitcoin struggled to regain momentum as traders stayed cautious, gold hit record highs, and US-China trade tensions fueled a broader market sell-off.
Could a future US presidential administration undo all of Paul Atkins’ work in a matter of days? Cointelegraph spoke to legal and regulatory experts to find out.
Bitcoin tops $126,000 as Strategy’s BTC hoard swells; ICE backs Polymarket; Rezolve AI buys Smartpay; Plume gains SEC transfer-agent status.
The cryptocurrency with the second-largest market cap was on its way to meeting requirements under Texas' crypto reserve law until a price drop on Friday.
Bitcoin has fallen below $116,000, but select analysts remain unfazed as they anticipate solid buying to emerge at lower levels.
The reported potential merger could make Securitize one of the first major tokenization companies to go public, signaling rising Wall Street demand for onchain finance.
Morgan Stanley's wealth management division will initially cap crypto allocations and begin with Bitcoin funds from BlackRock and Fidelity, potentially adding choices later.
An $11 billion Bitcoin whale returned to crypto markets this week, likely seeking trading opportunities tied to October’s historic crypto rallies and uncertainty in the US.
The Venezuelan opposition leader has championed Bitcoin as a lifeline for individuals trying to protect their wealth or attempting to flee the country.
A Hyperliquid trader lost $21 million in a private key exploit, raising new concerns about DeFi security and user vigilance amid growing DEX activity.
The group of banks said the stablecoin initiative would explore the “benefits of digital assets” in bringing new products to the market.
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