{"id":89815,"date":"2025-10-11T11:29:10","date_gmt":"2025-10-11T08:29:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=89815"},"modified":"2025-10-11T11:33:36","modified_gmt":"2025-10-11T08:33:36","slug":"bitcoin-slumps-to-about-111000","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-slumps-to-about-111000\/","title":{"rendered":"Bitcoin slumps to about $111,000"},"content":{"rendered":"

The price of the leading cryptocurrency tumbled to about $111,000 amid macroeconomic risks.<\/p>\n

\"BTCUSD_2025-10-11_09-55-28\"
Hourly BTC\/USD chart on Binance. Source: TradingView<\/a>.<\/figcaption><\/figure>\n

Over the past 24 hours bitcoin fell 9.5%. Most large-cap altcoins fared worse. Solana and XRP shed about 20%, Dogecoin more than 24%.<\/p>\n

\"Cryptocurrency
Source: CoinGecko<\/a>.<\/figcaption><\/figure>\n

Liquidations in crypto exceeded a record $19bn over the past day. The vast majority were longs\u2014nearly $17bn.<\/p>\n

\"Bitcoin
Source: CoinGlass<\/a>.<\/figcaption><\/figure>\n

The largest single liquidation, $203m, occurred on the Hyperliquid exchange in ETH\/USDT. <\/p>\n

Crypto\u2019s market capitalisation slipped to about $3.8trn.<\/p>\n

The rout in digital assets was sparked by a statement<\/a> from US president Donald Trump about possibly imposing 100% tariffs on Chinese imports from November 1. The president\u2019s tough stance was triggered by the Chinese authorities introducing, on the same timeline, restrictions on exports of goods containing rare-earth elements.<\/p>\n

\n

“There is a bit of panic in markets right now \u2014 a classic macroeconomic shock. Trump and China are exchanging tariff threats, stocks are falling, and traders are trying to reduce risk,” Swan Bitcoin CEO Cory Klippsten told Cointelegraph<\/a>.<\/p>\n<\/blockquote>\n

The S&P 500 and Nasdaq 100 fell by 2.7%<\/a> and 3.5%<\/a>, respectively, over the day.<\/p>\n

Uptober offers optimism<\/h2>\n

According to Klippsten, slumps like the current one typically flush out leveraged traders and weak hands, then set up for subsequent gains.<\/p>\n

Economist Timothy Peterson noted that drops of more than 5% in October have occurred at least four times over the past ten years. In three of those cases, prices recovered firmly within a week.<\/p>\n

\n

Drops of more than 5% in October are exceedingly rare. This has happened only 4 times in the past 10 years.<\/p>\n

Oct 24 2017
Oct 11 2018
Oct 23 2019
Oct 21 2021<\/p>\n

What happened next? 7 days later bitcoin was
2017: up 16%
2018: up 4%
2019: up 21%
2021: down -3% pic.twitter.com\/mbFs19RbwL<\/a><\/p>\n

\u2014 Timothy Peterson (@nsquaredvalue) October 10, 2025<\/a><\/p><\/blockquote>\n