Биткоин падает до исторического минимума на фоне экономической нестабильности Headline: Bitcoin Drops to Historic Low Amid Economic Instability

The prices of the leading cryptocurrency plummeted to around $111,000 amid macroeconomic risks.

In the past 24 hours, Bitcoin has lost 9.5% of its value. Most major altcoins by market capitalization have experienced even sharper declines, with Solana and XRP dropping approximately 20%, and Dogecoin losing over 24%.

The amount of liquidations in the cryptocurrency market has surpassed a record $19 billion in the last day, with the vast majority of closed positions being longs, totaling nearly $17 billion.

The largest single liquidation, valued at $203 million, occurred on the Hyperliquid exchange in the ETH/USDT pair.

The total capitalization of the cryptocurrency market has decreased to around $3.8 trillion.

The crash in digital assets was triggered by a statement from U.S. President Donald Trump regarding the potential implementation of 100% tariffs on Chinese imports starting November 1. These stringent measures came in response to the Chinese authorities simultaneously introducing restrictions on the export of goods containing rare earth elements.

«There is a bit of panic in the markets right now — a classic macroeconomic shock. Trump and China are exchanging tariff threats, stocks are dropping, and traders are attempting to mitigate risks,» commented CEO of Swan Bitcoin, Cory Klippsten, for Cointelegraph.

The S&P 500 and Nasdaq 100 indexes fell by 2.7% and 3.5% respectively over the day.

According to Klippsten, such market declines typically flush out «leveraged traders and weak hands, and then build positions for subsequent growth.»

Economist Timothy Peterson noted that Bitcoin’s declines of more than 5% in October have occurred at least four times in the last decade. In three of those instances, the prices rebounded confidently within a week.

Data from CoinGlass shows that historically, Bitcoin averages a rise of around 20% in October. The month ranks second in performance only to November, which sees an average increase of 46%, earning the nickname Uptober in the community, a play on the word «up.»

«Uptober still has 21 days left,» reassured investors CEO of Jan3, Samson Mow.

Michael van de Poppe, founder of MN Trading Capital, believes that the market has simply reached its bottom in the current cycle.

Bitwise Invest strategist Juan Leon reminded that a decline influenced by broader market trends often presents a good buying opportunity for the asset.

This position was echoed by investment director Matt Hougan, who remarked that some hesitate to make purchases despite their plans, as the market «feels unhealthy» during such times.

«It’s never ‘pleasant’ when you buy during a dip. Declines occur when sentiment drops,» he added.

In light of the market crash, the cryptocurrency fear and greed index has fallen from the neutral zone to a mark of 37.

Analyst Frank Fetter notes that overbought conditions for Bitcoin would arise around the level of approximately $180,000. Trader Peter Brandt believes that the cryptocurrency’s growth potential in the current cycle could be at least $185,000.