Bitcoin Surges After Crypto’s Bloody Weekend

Hopefully you didn’t panic sell over the weekend!

Shortly after President Trump announced 100% tariff’s on China the crypto market crashed in minutes.

However by Monday, the scare wore off and Bitcoin surged to $116,000 after falling to around $105,000 on Friday night.

Bitcoin Magazine reported more on the surge:

It’s been a rocky three days for the crypto market… to say the least. But bitcoin holders are faring best, as bitcoin price bounced back sharply to around $116,000 today following a volatile weekend that saw the broader crypto market slump. The bitcoin price fell to the low $100,000s on Friday as U.S. and China trade tensions rattled global markets.

President Donald Trump announced new 100% tariffs on Chinese goods after Beijing unveiled sweeping export controls set to begin Nov. 1. But over the weekend, market jitters eased and the bitcoin price gradually rebounded. President Trump walked back some of the fear and posted that ‘it will all be fine’ in reaction to the trade tensions.

The recovery comes as both institutional inflows and corporate treasury activity help stabilize sentiment across crypto markets. The latest leg higher was sparked, in part, by Strategy’s announcement that it had purchased an additional 220 BTC for roughly $27.2 million, bringing its total holdings to 640,250 BTC — about 3.1% of Bitcoin’s total supply.

The company funded the purchase through proceeds from several at-the-market (ATM) share offerings over the past week.

The bounce back comes shortly after $19 billion was liquidated from the crypto market:

BREAKING: Over $19 billion liquidated from the cryptocurrency market today, the biggest single-day figure ever.

— The Spectator Index (@spectatorindex) October 11, 2025

Economies reported more on the crypto bounce back:

Bitcoin climbed back above $114,000 on Monday after the cryptocurrency market experienced the largest single-day liquidation in its history, with nearly $19 billion worth of positions wiped out following renewed trade tensions between the United States and China.

Bitcoin had earlier plunged to as low as $103,893.3 on Friday after briefly surpassing $122,000 the same day, having hit a record high above $126,000 the previous week.

The sharp sell-off began after US President Donald Trump announced on Friday plans to impose tariffs of up to 100% on Chinese goods, along with tighter export controls on sensitive technologies.

The announcement caused widespread disruption across global markets, prompting investors to exit high-risk assets and triggering a wave of forced liquidations of highly leveraged positions in the crypto market.

Within just 24 hours, more than $19 billion worth of long positions were liquidated across major exchanges — what data providers described as the largest single-day liquidation event in the history of cryptocurrencies.

Over 1.6 million trading accounts were closed as stop-loss orders and margin calls accelerated, deepening the crash, according to reports.

Join the conversation!

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.