Cryptocurrency Markets Rebound After $19B Reset
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 48 hours later, with diplomatic signals from Washington and Beijing easing trade tensions.
Market Gains
- Bitcoin (BTC) rose 2.7% to around $114,665
- Ether (ETH) surged 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%
Alternative Cryptocurrencies
Cardano (ADA) and Dogecoin (DOGE) stood out among alternative cryptocurrencies.
Author's summary: Crypto markets rebound after $19B reset.