Crypto Market Recovers $190 Billion in a Day
The global cryptocurrency market has staged a surprising recovery, regaining approximately $190 billion in market capitalization over 24 hours.
As of October 13, total crypto assets stand near $4.019 trillion, up from $3.83 trillion the previous day, according to data from CoinMarketCap.
The market recovery comes after a historic crash on October 10, triggered by the announcement of new U.S. trade measures, including 100% tariffs on Chinese tech exports and tighter export controls on critical software.
- Nearly $19 billion worth of leveraged positions were liquidated.
- Altcoins absorbed the heaviest losses, while Bitcoin held up comparatively better.
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Author's summary: Crypto market recovers $190 billion in a day after a historic crash.
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