Cryptocurrency Markets Rebound After $19B Market Reset
Cryptocurrency markets are showing signs of recovery after a turbulent weekend. A flash crash on Friday, triggered by former President Trump's announcement of a 100% tariff on Chinese imports, wiped nearly $19 billion from crypto positions.
However, the market has steadied 48 hours later, with diplomatic signals from Washington and Beijing easing trade tensions. Major cryptocurrencies are bouncing back, with Bitcoin (BTC) rising 2.7% to around $114,665 and Ether (ETH) surging 8.3% to $4,135.
- Binance Coin (BNB) led gains among ecosystem tokens with a 13.9% jump
- XRP rose 7.4%
- Solana (SOL) increased by 7.2%
Among alternative cryptocurrencies, Cardano (ADA) and Dogecoin (DOGE) stood out, leading the crypto rebound.
No specific quote available in the text.
Author's summary: Crypto markets rebound after $19B loss.
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