Crypto’s “Black Friday” Crash: A Simple Guide to What Really Happened

You might have heard the news on October 11, 2025: crypto markets went into a total meltdown. Prices for Bitcoin and other coins plummeted, and over a million people had their accounts wiped out in a matter of hours. It was dubbed crypto’s “Black Friday.”

But this wasn’t just a random price drop. It was a massive, fragile system breaking all at once. Think of it like a tower of Jenga blocks, where someone pulled the wrong piece at the bottom. This post will break down, in simple terms, why that tower fell and why the world’s biggest crypto exchange, Binance, was at the very center of the earthquake.