Crypto Market Recovers $190 Billion in a Day
The global cryptocurrency market has staged a surprising recovery, regaining approximately $190 billion in market cap over 24 hours.
Following a historic crash, the market has rebounded, with total crypto assets standing near $4.019 trillion as of October 13 (GMT+2), up from $3.83 trillion the previous day, according to data from CoinMarketCap.
The market crash was triggered by the announcement of new U.S. trade measures, including 100% tariffs on Chinese tech exports and tighter export controls on critical software, on October 10.
- Nearly $19 billion worth of leveraged positions were liquidated.
- Altcoins absorbed the heaviest losses, while Bitcoin held up comparatively better.
No direct quote available in the text.
Author's summary: Crypto market recovers $190 billion after crash.
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