Crypto Market Rebound
Cryptocurrency markets are showing signs of recovery after a turbulent weekend.
A flash crash on Friday, triggered by a 100% tariff on Chinese imports announced by former President Trump, wiped nearly $19 billion from crypto positions.
However, the market has steadied, 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%, followed closely by Solana (SOL) at 7.2%.
Among alternative cryptocurrencies, Cardano (ADA) and Dogecoin (DOGE) stood out as leaders in the rebound.
Bitcoin and alternative cryptocurrencies are bouncing back as diplomatic signals from both Washington and Beijing ease trade tensions.
Author's summary: Crypto market recovers after $19B reset.