Bitcoin, Ethereum Bulls Get Rekt: Liquidations Top $1.1 Billion as Prices Fall After Trump Meets Xi
Update: 2025-10-30
Description
On October 30th, Bitcoin and other major cryptocurrencies experienced a significant drop, with Bitcoin falling below $108,000 and Ethereum losing around 5%. This sell-off triggered over $1.1 billion in liquidations in the crypto futures market, with Bitcoin and Ethereum accounting for a significant portion. The market's decline coincides with Federal Reserve Chair Jerome Powell's comments on interest rates, leaving investors uncertain and prompting many to pull out of riskier assets. Despite President Trump's agreement to reduce tariffs on China, the crypto market and stock market remain cautious, awaiting a clearer signal before making significant moves.
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