A sudden market shock on Friday sent
cryptocurrency prices tumbling, exposing which coins truly withstand pressure
and which falter under stress.
Triggered by a geopolitical tweet, this intense hour
of selling acted like a stress test, giving investors a rare look at crypto
resilience during turmoil. The crash wiped out billions, but the market’s
reaction tells a deeper story about coin performance and what could come next.
Digital assets meet tradfi in London at the fmls25
Geopolitical Tensions Sparked Broad
Market Sell-Off
The cascade began when a tweet from President Donald
Trump announced intentions to impose steep tariffs on Chinese imports,
reigniting trade tensions.
This unexpected news hit after markets closed,
reducing liquidity and intensifying volatility. Massive sell orders, stop
losses, and leveraged positions triggered liquidations across both stock and
crypto markets simultaneously, fueling a rapid price drop within just one hour.
The crypto market collectively suffered its most
severe plunge, with over $19 billion in liquidations recorded during this
period.
Which Coins Crashed and Which Rebounded?
The six largest cryptocurrencies by market
capitalization—Bitcoin, Ethereum, Binance Coin (BNB), XRP, Solana, and
Dogecoin—all endured sharp losses in the hour beginning at 23:00 on October 10.
Price drops ranged from Bitcoin’s minimal 4% to XRP’s
steep 36.8% fall. Despite the initial plunge, most coins bounced back quickly,
though not all recovered equally.
Source: investinglive
Bitcoin showed the smallest decline and fastest
recovery, holding steady as a relatively stable asset during the chaos. Ethereum even closed higher than its initial price at the start of the crash hour, displaying swift resilience.
Binance Coin took a serious hit but steadily regained
value, finishing the next day slightly up from the crash close. Conversely, XRP and Dogecoin suffered the largest
drops and failed to maintain their rebound gains, signaling weaker market
confidence. Solana bounced sharply but lost ground by the next
day, raising questions about its ability to hold recovery levels.
Binance Announces 283M Payout
Binance automatically sold off collateral altcoins to
cover losses, creating a feedback loop that pushed prices down rapidly. The exchange announced that it has paid out $283 million to cover losses from Friday’s depegging.
Adding to market jitters, Binance experienced a unique
technical failure. Some altcoins, like Cosmos (ATOM) and IoTeX (IOTX), briefly showed zero prices on their platforms. This flash crash occurred as the
exchange’s trading systems became overwhelmed by sell orders and collateral
liquidations tied to cross-margin positions.
🔥 LATEST: Binance pays out $283 million to cover user losses from Friday’s depegging.
— CoinDesk (@CoinDesk) October 12, 2025
Binance’s Chief Customer Service Officer acknowledged
the incident and promised compensation for losses caused directly by platform
malfunctions, distinguishing them from losses due to natural market volatility.
At the peak of the fall, Bitcoin dropped only 4%, while
XRP crashed nearly 37%. By the time the market stabilized, nearly $380 billion
in value had been wiped out in less than 24 hours. According to Bitmine Chairman Tom Lee, the crash was a “healthy reset.”
In an interview with CNBC, Bitmine Chairman Tom Lee said the latest sell-off was, in some sense, overdue: since the April lows, the market had risen 36%, and today’s drop is the largest in six months. In his view, this is a healthy reset; barring structural changes, a surge in… pic.twitter.com/VNbsMxjPSt
— Wu Blockchain (@WuBlockchain) October 12, 2025
Ethereum showed what traders call an “instant repair,”
pushing back above the crash opening level before the hour ended. Bitcoin held
steady throughout the next 24 hours and did not revisit its lows. In a market
drowning in leverage, these reactions signaled stability.
BNB Quietly Recovered—XRP and Dogecoin Struggled
BNB faced a larger intra-hour decline of over 25% but
attracted steady inflows afterward, finishing the following day slightly above
the crash close. The move sparked debate about capital rotation back into BNB
after its brief slip under $1,000, a level that had acted as a magnet for
traders.
Not every major coin managed to repair damage. XRP and
Dogecoin bounced sharply with recoveries of 58.8% and 40% from the lows, but
both failed to hold those gains. Solana rose and then faded into the next
session, highlighting lingering selling pressure.
Binance Flash Crash Sent Some Altcoins to Zero
The broader panic exposed another risk—platform
fragility. Several Binance-listed altcoins, including Cosmos (ATOM), IoTeX
(IOTX) and Enjin (ENJ), briefly printed zero-dollar prices. The same tokens
retained normal value on other exchanges.
Despite the violence of the crash, analysts are not
calling it the end of the cycle. 10x Research wrote that the market flush “may
be the cleanest setup for a new rally,” arguing that forced liquidation events
remove weak leverage and reset market structure. Fear indicators support that
view—the Crypto Fear & Greed Index fell from 74 to 24 in a week, a level
often associated with market bottoms.
What if the $380 billion crypto crash wasn’t the end — but the cleanest setup for the next major rally?
Crypto just endured one of its most violent unwinds in history — nearly $19 billion in liquidations wiped out over $380 billion in market value within hours.
Hidden beneath… pic.twitter.com/V01bucpf6l
— 10x Research (@10x_Research) October 11, 2025
Risk Signals and What Comes Next
The crash left clear levels on every crypto chart.
Technical traders now track two price markers from the panic hour: the crash
low, which signals risk, and the opening price of the crash hour, which signals
recovery.
XRP and Dogecoin are still momentum trades with weak
follow-through. Solana needs a convincing return above its recovery line to
shake out doubts. The crash did not break the market. It exposed it. And
in that exposure, a new roadmap has emerged for anyone watching closely.
A sudden market shock on Friday sent
cryptocurrency prices tumbling, exposing which coins truly withstand pressure
and which falter under stress.
Triggered by a geopolitical tweet, this intense hour
of selling acted like a stress test, giving investors a rare look at crypto
resilience during turmoil. The crash wiped out billions, but the market’s
reaction tells a deeper story about coin performance and what could come next.
Digital assets meet tradfi in London at the fmls25
Geopolitical Tensions Sparked Broad
Market Sell-Off
The cascade began when a tweet from President Donald
Trump announced intentions to impose steep tariffs on Chinese imports,
reigniting trade tensions.
This unexpected news hit after markets closed,
reducing liquidity and intensifying volatility. Massive sell orders, stop
losses, and leveraged positions triggered liquidations across both stock and
crypto markets simultaneously, fueling a rapid price drop within just one hour.
The crypto market collectively suffered its most
severe plunge, with over $19 billion in liquidations recorded during this
period.
Which Coins Crashed and Which Rebounded?
The six largest cryptocurrencies by market
capitalization—Bitcoin, Ethereum, Binance Coin (BNB), XRP, Solana, and
Dogecoin—all endured sharp losses in the hour beginning at 23:00 on October 10.
Price drops ranged from Bitcoin’s minimal 4% to XRP’s
steep 36.8% fall. Despite the initial plunge, most coins bounced back quickly,
though not all recovered equally.
Source: investinglive
Bitcoin showed the smallest decline and fastest
recovery, holding steady as a relatively stable asset during the chaos. Ethereum even closed higher than its initial price at the start of the crash hour, displaying swift resilience.
Binance Coin took a serious hit but steadily regained
value, finishing the next day slightly up from the crash close. Conversely, XRP and Dogecoin suffered the largest
drops and failed to maintain their rebound gains, signaling weaker market
confidence. Solana bounced sharply but lost ground by the next
day, raising questions about its ability to hold recovery levels.
Binance Announces 283M Payout
Binance automatically sold off collateral altcoins to
cover losses, creating a feedback loop that pushed prices down rapidly. The exchange announced that it has paid out $283 million to cover losses from Friday’s depegging.
Adding to market jitters, Binance experienced a unique
technical failure. Some altcoins, like Cosmos (ATOM) and IoTeX (IOTX), briefly showed zero prices on their platforms. This flash crash occurred as the
exchange’s trading systems became overwhelmed by sell orders and collateral
liquidations tied to cross-margin positions.
🔥 LATEST: Binance pays out $283 million to cover user losses from Friday’s depegging.
— CoinDesk (@CoinDesk) October 12, 2025
Binance’s Chief Customer Service Officer acknowledged
the incident and promised compensation for losses caused directly by platform
malfunctions, distinguishing them from losses due to natural market volatility.
At the peak of the fall, Bitcoin dropped only 4%, while
XRP crashed nearly 37%. By the time the market stabilized, nearly $380 billion
in value had been wiped out in less than 24 hours. According to Bitmine Chairman Tom Lee, the crash was a “healthy reset.”
In an interview with CNBC, Bitmine Chairman Tom Lee said the latest sell-off was, in some sense, overdue: since the April lows, the market had risen 36%, and today’s drop is the largest in six months. In his view, this is a healthy reset; barring structural changes, a surge in… pic.twitter.com/VNbsMxjPSt
— Wu Blockchain (@WuBlockchain) October 12, 2025
Ethereum showed what traders call an “instant repair,”
pushing back above the crash opening level before the hour ended. Bitcoin held
steady throughout the next 24 hours and did not revisit its lows. In a market
drowning in leverage, these reactions signaled stability.
BNB Quietly Recovered—XRP and Dogecoin Struggled
BNB faced a larger intra-hour decline of over 25% but
attracted steady inflows afterward, finishing the following day slightly above
the crash close. The move sparked debate about capital rotation back into BNB
after its brief slip under $1,000, a level that had acted as a magnet for
traders.
Not every major coin managed to repair damage. XRP and
Dogecoin bounced sharply with recoveries of 58.8% and 40% from the lows, but
both failed to hold those gains. Solana rose and then faded into the next
session, highlighting lingering selling pressure.
Binance Flash Crash Sent Some Altcoins to Zero
The broader panic exposed another risk—platform
fragility. Several Binance-listed altcoins, including Cosmos (ATOM), IoTeX
(IOTX) and Enjin (ENJ), briefly printed zero-dollar prices. The same tokens
retained normal value on other exchanges.
Despite the violence of the crash, analysts are not
calling it the end of the cycle. 10x Research wrote that the market flush “may
be the cleanest setup for a new rally,” arguing that forced liquidation events
remove weak leverage and reset market structure. Fear indicators support that
view—the Crypto Fear & Greed Index fell from 74 to 24 in a week, a level
often associated with market bottoms.
What if the $380 billion crypto crash wasn’t the end — but the cleanest setup for the next major rally?
Crypto just endured one of its most violent unwinds in history — nearly $19 billion in liquidations wiped out over $380 billion in market value within hours.
Hidden beneath… pic.twitter.com/V01bucpf6l
— 10x Research (@10x_Research) October 11, 2025
Risk Signals and What Comes Next
The crash left clear levels on every crypto chart.
Technical traders now track two price markers from the panic hour: the crash
low, which signals risk, and the opening price of the crash hour, which signals
recovery.
XRP and Dogecoin are still momentum trades with weak
follow-through. Solana needs a convincing return above its recovery line to
shake out doubts. The crash did not break the market. It exposed it. And
in that exposure, a new roadmap has emerged for anyone watching closely.
