🔴😞 CryptMarket Analysis — 13-10-18
The crypto markets have been battered in the wake of President Trump’s latest tariff salvo on China, triggering a dramatic $20 billion liquidation and a swift plunge across coins from Bitcoin to Ethereum and Solana. As leveraged bets unraveled, Bitcoin crashed below the pivotal $110,000 mark, marking one of the most severe flash crashes in recent memory and sending traders scrambling to shield their portfolios. Friday’s bloodbath wasn’t just a tale of cascading stops: signs of bottom-fishing emerged by Saturday, with a few privacy coins like Zcash and Dash bucking the trend amid the carnage, reminding us that in times of distress, every embattled market seeks its safe harbors.
While the headlines are loud, the dust is far from settled. Sentiment remains bruised, but some analysts note the underlying structure of the market—record ETF inflows and continued interest from institutional players—may soon set the stage for a counter-trend rally if fiscal policy or the Fed tilt dovish. Risks linger like storm clouds: further geopolitical friction, regulatory shake-ups, and the specter of forced selling amid margin calls could extend volatility. Still, opportunity glimmers for the resolute; with portfolios reset and leverage flushed, a stabilization phase may allow nimble participants to sift for value amid shaken hands.
- Trump’s tariff shock wiped out $20B in crypto bets
- Bitcoin breached $110K, sparking systemic liquidations
- Privacy tokens outperformed, signaling sector rotation