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.
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 follows 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, with altcoins absorbing the heaviest losses, while Bitcoin held up comparatively better during the chaos.
The policy shock sent shockwaves through global markets, triggering the largest single-day drop in crypto history.
Author's summary: Crypto market recovers $190 billion.