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

A sudden market shock on Friday sent cryptocurrency prices tumbling, exposing which coins truly withstand pressure and which falter under stress.

Triggered by a geopolitical tweet, this intense hour of selling acted like a stress test, giving investors a rare look at crypto resilience during turmoil. The crash wiped out billions, but the market’s reaction tells a deeper story about coin performance and what could come next.

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Geopolitical Tensions Sparked Broad Market Sell-Off

The cascade began when a tweet from President Donald Trump 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, stop losses, and leveraged positions triggered liquidations across both stock and crypto markets simultaneously, fueling a rapid price drop within just one hour.

The crypto market collectively suffered its most severe plunge, with reportedly over $19 billion in liquidations recorded during this period.

Which Coins Crashed and Which Rebounded?

The six largest cryptocurrencies by market capitalization—Bitcoin, Ethereum, Binance Coin (BNB), XRP, Solana, and Dogecoin—all endured sharp losses in the hour beginning at 23:00 on October 10.

Price drops ranged from Bitcoin’s minimal 4% to XRP’s steep 36.8% fall. Despite the initial plunge, most coins bounced back quickly, though not all recovered equally.

Source: investinglive

Bitcoin showed the smallest decline and fastest recovery, 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.

However, Binance Coin took a serious hit but steadily regained value, finishing the next day slightly up from the crash close. Conversely, XRP and Dogecoin suffered the largest drops and failed to maintain their rebound gains, signaling weaker market confidence. Solana bounced sharply but lost ground by the next day.

Binance Announces 283M Payout

Following the crash, Binance automatically sold off collateral altcoins to cover losses, creating a feedback loop that pushed prices down rapidly. The exchange later announced that it has paid out $283 million to cover losses from Friday's depegging.

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Adding to market jitters, Binance experienced a unique technical failure. Some altcoins, like Cosmos (ATOM) and IoTeX (IOTX), briefly showed zero prices on their platforms. This flash crash occurred as the exchange’s trading systems became overwhelmed by sell orders and collateral liquidations tied to cross-margin positions.

At the peak of the fall, Bitcoin dropped only 4%, while XRP crashed nearly 37%. By the time the market stabilized, nearly $380 billion in value had been wiped out in less than 24 hours. According to Bitmine Chairman Tom Lee, the crash was a "healthy reset."

Ethereum showed what traders call an “instant repair,” pushing back above the crash opening level before the hour ended. Bitcoin held steady throughout the next 24 hours and did not revisit its lows. In a market drowning in leverage, these reactions signaled stability.

What’s Next for Bitcoin, Ethereum, XRP, and Dogecoin?

Following the sell-off, major tokens will likely continue recovering their losses throughout the week. Top cryptocurrencies are already staging a cautious recovery after the crash, though overall sentiment remains fragile.

At the time of writing, BTC is up 4% over the past 24 hours, trimming its seven-day loss to around 6%. Ethereum has rebounded more sharply with a 13% daily gain, though it still trades 8% lower on the weekly chart.

Source: CoinMarketCap

A similar pattern is seen across large-cap altcoins. XRP has risen 9% in the last 24 hours but remains down 13% over the week, while Solana (SOL) has gained 13% today, yet is still 13% lower on weekly performance.

BNB Quietly Recovered—XRP and Dogecoin Struggled

BNB faced a larger intra-hour decline of over 25% but attracted steady inflows afterward, finishing the following day slightly above the crash close.

Read more: Crypto Market Today: Binance Coin (BNB) Outshines Peers as Broader Crypto Flows Still Show Caution

Not every major coin managed to repair damage. In the memecoin category, Dogecoin bounced sharply with recoveries of about 40% from the lows.

Despite the violence of the crash, analysts are not calling it the end of the cycle. 10x Research wrote that the market flush “may be the cleanest setup for a new rally,” arguing that forced liquidation events remove weak leverage and reset market structure. Fear indicators support that view—the Crypto Fear & Greed Index fell from 74 to 24 in a week, a level often associated with market bottoms.

Risk Signals and What Comes Next

The crash left clear levels on every crypto chart. Technical traders now track two price markers from the panic hour: the crash low, which signals risk, and the opening price of the crash hour, which signals recovery.

XRP and Dogecoin are still momentum trades with weak follow-through. Solana needs a convincing return above its recovery line to shake out doubts. The crash did not break the market. It exposed it. And in that exposure, a new roadmap has emerged for anyone watching closely.