Article Summary

**Cryptocurrency Markets Plunge $20 Billion as Trade War Fears Spark Massive Liquidations** Global cryptocurrency exchanges witnessed unprecedented chaos on October 10 as Bitcoin, Ethereum, and altcoins crashed following President Trump's announcement of 100% tariffs on Chinese imports. The dramatic policy escalation triggered over $20 billion in crypto liquidations across major trading platforms, sending shockwaves through DeFi protocols and traditional digital asset markets. Cryptocurrency traders faced margin calls as Bitcoin prices plummeted, while blockchain-based assets experienced severe volatility amid broader market panic. The massive liquidation event highlighted the interconnected nature of crypto markets with traditional equities, as institutional investors fled risk assets en masse. Major cryptocurrency exchanges traded blame over system outages and delayed order executions during the market turmoil, raising questions about infrastructure resilience during high-volume trading periods. The sell-off affected popular cryptocurrencies including Bitcoin, Ethereum, and DeFi tokens, with futures markets experiencing particularly severe liquidations. This crypto market crash underscores the continued correlation between digital assets and macroeconomic events, demonstrating how geopolitical tensions can rapidly impact blockchain investments and cryptocurrency valuations across global trading platforms.