Crypto Market Recovers $190 Billion After Historic Crash
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 retrieved from CoinMarketCap.
The market recovery follows a dramatic swing 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 during the chaos.
The recovery marks a significant turnaround for the crypto market, which experienced the largest single-day drop in its history.
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Author's summary: Crypto market recovers $190 billion.