XRP Warning Signs Multiply: Indicators Hint at Roadblocks Ahead
XRP Warning Signs Multiply: Indicators Hint at Roadblocks Ahead
XRP traded at $2.49 on Oct. 12, 2025, at 11:50 a.m., with a market capitalization of $148.7 billion and a 24-hour trading volume of $8.49 billion. The cryptocurrency moved within an intraday range of $2.32 to $2.52, while the weekly range extended from $2.32 to $3.05. XRP Price and Chart Outlook The 1-hour chart for […]
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BNB Rebounds 10%, Defying Crypto Slump; Experts Point to Chain Utility, Warn on Regulation
Following a brief market-wide dip on October 10, BNB swiftly rebounded, emerging as the only high-cap altcoin to fully recover. While the rally has attributed to the growing appeal of the BNB Chain, experts emphasized that the chain’s long-term relevance will hinge on its ability to strengthen and evolve its underlying “trust architecture.” BNB’s Rapid […]
Five Months of Pain: Bitcoin Miners Watch Earnings Crater 27%
Crypto investors might be nursing some serious portfolio bruises this week, but bitcoin miners have their own headache — earnings per petahash just hit a five-month low, and it’s not exactly the kind of milestone anyone’s celebrating. Bitcoin Miners Pray for a Break Let’s face it — since July 11, bitcoin miners have been watching […]
Binance To Compensate Users Following Price Depeg Incident — Details
Binance has announced its plans to compensate some users who lost funds during the market-wide crash on Friday, October 10. The world’s largest cryptocurrency exchange by trading volume acknowledged a price depeg incident, which led to forced liquidations for some traders. Affected Users To Receive Compensation In 3 Days: Binance In an October 11 post […]
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Crypto Crash: $19.5 Billion Wiped Out In Record-Breaking Liquidation Event
The crypto market has erased more than $19.5 billion in leveraged positions in the past 24 hours, making it the most chaotic 24-hour period in crypto history. This crash, which saw 1.6 million traders forced out of positions, was caused by sudden US tariff announcements on China and amplified by risky leverage across exchanges. Bitcoin alone witnessed a $20,000 daily swing and erased $380 billion in market capitalization in a single day. This liquidation surpassed all previous records by nearly tenfold, surpassing records set during the FTX collapse and the March 2020 crash. Related Reading: A 5% Bitcoin Drop In October? History Shows That’s Rare Liquidations Ripple Through Entire Crypto Market The most recent crypto market crash took many crypto investors by surprise. Notably, data shared by The Kobeissi Letter on the social media platform X revealed that a total of $19.5 billion was liquidated between October 10 and 11, 2025, over nine times larger than any prior event. To put that into context, the February 2025 liquidation event saw only $2.2 billion erased, while the May 2021 crash cleared $1.2 billion. Data across major exchanges confirmed that the sell-off was heavily one-sided. Out of the $19.38 billion in total liquidations, $16.7 billion came from long positions, which is a 6.7-to-1 ratio compared to shorts. Nearly every exchange, from Binance to Bybit, saw over 90% of liquidations hitting longs, with Hyperliquid alone recording $10.3 billion. Crypto Exchange Liquidations. Source: @KobeissiLetter on X This quick downturn is quite notable, considering the crypto market’s greed index had climbed above 60 when Bitcoin’s price action broke above $126,000 for the first time. Crypto Fear and Greed Index. Source: @KobeissiLetter on X What Caused The Crash? The reason behind the crash can be attributed to a mix of extended market corrections following Bitcoin’s all-time high and rising tensions over new US tariffs on China. According to The Kobeissi Letter, the selloff unfolded through a series of perfectly timed events that tied geopolitical shocks to fragile market sentiment. At 9:40 AM ET, some large Bitcoin holders began selling off mysteriously, more than an hour before former U.S. President Donald Trump posted about a massive China tariff threat at 10:57 AM. Later in the day, at 4:30 PM, a large whale opened multi-million-dollar shorts, seemingly anticipating the coming drop. Just 20 minutes later, Trump officially announced a 100% tariff on China, and this delivered the final blow to bullish sentiment. Timeline Of Events. Source: @KobeissiLetter on X Trump’s tariff post dropped late on a Friday after US markets had closed, but the crypto market was wide open. As such, crypto prices fell into a vacuum as volume spiked, creating the perfect setup for one of the fastest collapses in crypto history. By 5:20 PM, total liquidations had reached $19.5 billion, and the whale closed positions for a $192 million profit. Despite the carnage, The Kobeissi Letter noted that this event was technical rather than fundamental. The crash is a necessary reset that does not have long-term implications. A trade deal between the US and China would put an end to the uncertainty, and according to the team, crypto remains strong. Bitcoin Price Chart. Source: @KobeissiLetter on X Related Reading: XRP Traders Face Fresh Selling Pressure As Large Holders Move Out At the time of writing, Bitcoin has recovered a bit from its plunge and is now trading at $111,790. Featured image from Unsplash, chart from TradingView