What’s Next for Bitcoin, Ethereum, XRP and Dogecoin After $19B Weekend Flash Crash?

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A sudden market shock on Friday sentcryptocurrency prices tumbling, exposing which coins truly withstand pressureand which falter under stress. Triggered by a geopolitical tweet, this intense hourof selling acted like a stress test, giving investors a rare look at cryptoresilience during turmoil. The crash wiped out billions, but the market’sreaction tells a deeper story about coin performance and what could come next.Digital assets meet tradfi in London at the fmls25Geopolitical Tensions Sparked BroadMarket Sell-OffThe cascade began when a tweet from President DonaldTrump announced intentions to impose steep tariffs on Chinese imports,reigniting trade tensions.This unexpected news hit after markets closed,reducing liquidity and intensifying volatility. Massive sell orders, stoplosses, and leveraged positions triggered liquidations across both stock andcrypto markets simultaneously, fueling a rapid price drop within just one hour. The crypto market collectively suffered its mostsevere plunge, with over $19 billion in liquidations recorded during thisperiod. Which Coins Crashed and Which Rebounded? The six largest cryptocurrencies by marketcapitalization—Bitcoin, Ethereum, Binance Coin (BNB), XRP, Solana, andDogecoin—all endured sharp losses in the hour beginning at 23:00 on October 10.Price drops ranged from Bitcoin’s minimal 4% to XRP’ssteep 36.8% fall. Despite the initial plunge, most coins bounced back quickly,though not all recovered equally.Bitcoin showed the smallest decline and fastestrecovery, holding steady as a relatively stable asset during the chaos. Ethereum even closed higher than its initial price at the start of the crash hour, displaying swift resilience.Binance Coin took a serious hit but steadily regainedvalue, finishing the next day slightly up from the crash close. Conversely, XRP and Dogecoin suffered the largestdrops and failed to maintain their rebound gains, signaling weaker marketconfidence. Solana bounced sharply but lost ground by the nextday, raising questions about its ability to hold recovery levels. Binance Announces 283M PayoutBinance automatically sold off collateral altcoins tocover losses, creating a feedback loop that pushed prices down rapidly. The exchange announced that it has paid out $283 million to cover losses from Friday's depegging.Adding to market jitters, Binance experienced a uniquetechnical failure. Some altcoins, like Cosmos (ATOM) and IoTeX (IOTX), briefly showed zero prices on their platforms. This flash crash occurred as theexchange’s trading systems became overwhelmed by sell orders and collateralliquidations tied to cross-margin positions.🔥 LATEST: Binance pays out $283 million to cover user losses from Friday’s depegging.— CoinDesk (@CoinDesk) October 12, 2025Binance’s Chief Customer Service Officer acknowledgedthe incident and promised compensation for losses caused directly by platformmalfunctions, distinguishing them from losses due to natural market volatility.At the peak of the fall, Bitcoin dropped only 4%, whileXRP crashed nearly 37%. By the time the market stabilized, nearly $380 billionin value had been wiped out in less than 24 hours. According to Bitmine Chairman Tom Lee, the crash was a "healthy reset."In an interview with CNBC, Bitmine Chairman Tom Lee said the latest sell-off was, in some sense, overdue: since the April lows, the market had risen 36%, and today's drop is the largest in six months. In his view, this is a healthy reset; barring structural changes, a surge in… pic.twitter.com/VNbsMxjPSt— Wu Blockchain (@WuBlockchain) October 12, 2025Ethereum showed what traders call an “instant repair,”pushing back above the crash opening level before the hour ended. Bitcoin heldsteady throughout the next 24 hours and did not revisit its lows. In a marketdrowning in leverage, these reactions signaled stability.BNB Quietly Recovered—XRP and Dogecoin StruggledBNB faced a larger intra-hour decline of over 25% butattracted steady inflows afterward, finishing the following day slightly abovethe crash close. The move sparked debate about capital rotation back into BNBafter its brief slip under $1,000, a level that had acted as a magnet fortraders.Not every major coin managed to repair damage. XRP andDogecoin bounced sharply with recoveries of 58.8% and 40% from the lows, butboth failed to hold those gains. Solana rose and then faded into the nextsession, highlighting lingering selling pressure.Binance Flash Crash Sent Some Altcoins to ZeroThe broader panic exposed another risk—platformfragility. Several Binance-listed altcoins, including Cosmos (ATOM), IoTeX(IOTX) and Enjin (ENJ), briefly printed zero-dollar prices. The same tokensretained normal value on other exchanges. Despite the violence of the crash, analysts are notcalling it the end of the cycle. 10x Research wrote that the market flush “maybe the cleanest setup for a new rally,” arguing that forced liquidation eventsremove weak leverage and reset market structure. Fear indicators support thatview—the Crypto Fear & Greed Index fell from 74 to 24 in a week, a leveloften associated with market bottoms.What if the $380 billion crypto crash wasn’t the end — but the cleanest setup for the next major rally?Crypto just endured one of its most violent unwinds in history — nearly $19 billion in liquidations wiped out over $380 billion in market value within hours. Hidden beneath… pic.twitter.com/V01bucpf6l— 10x Research (@10x_Research) October 11, 2025Risk Signals and What Comes NextThe crash left clear levels on every crypto chart.Technical traders now track two price markers from the panic hour: the crashlow, which signals risk, and the opening price of the crash hour, which signalsrecovery. XRP and Dogecoin are still momentum trades with weakfollow-through. Solana needs a convincing return above its recovery line toshake out doubts. The crash did not break the market. It exposed it. Andin that exposure, a new roadmap has emerged for anyone watching closely.This article was written by Jared Kirui at www.financemagnates.com.