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.
Following a dramatic swing, the market recovered, with total crypto assets standing near $4.019 trillion as of October 13, up from $3.83 trillion the previous day, according to data from CoinMarketCap.
The recovery comes after the market was rocked by the announcement of new U.S. trade measures, including 100% tariffs on Chinese tech exports, which triggered the largest single-day drop in crypto history, with nearly $19 billion worth of leveraged positions liquidated.
The policy shock sent shockwaves through global markets.
Bitcoin held up comparatively better during the chaos, while altcoins absorbed the heaviest losses.
Author's summary: Crypto market recovers $190 billion in a day.
- Total crypto assets: $4.019 trillion
- Previous day's total: $3.83 trillion
- Leveraged positions liquidated: $19 billion