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Crypto Exchanges Trade Blame Over $20 Billion Market Liquidation
Yahoo Finance· 2025-10-12 18:53
Kaito. Photo by BeInCrypto Global markets tumbled on October 10 after US President Donald Trump announced a 100% tariff on Chinese imports, triggering panic across equities and digital assets. Within minutes, a cascade of forced liquidations erased nearly $20 billion from crypto traders’ positions. System Glitch or Market Manipulation? The turbulence spread quickly through major centralized exchanges. Users on Binance and other platforms reported frozen dashboards, failed stop-loss triggers, and flash ...