Cryptocurrency Market Rebound
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, with Bitcoin and alternative cryptocurrencies bouncing back as diplomatic signals from Washington and Beijing ease trade tensions. Bitcoin (BTC) rose 2.7% to around $114,665, while 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%
- Solana (SOL) rose 7.2%
Among alternative cryptocurrencies, Cardano (ADA) and Dogecoin (DOGE) stood out as leaders in the rebound.
No direct quote available in the text.
Author's summary: Crypto markets rebound after $19B reset.
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