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 triggered by the announcement of new U.S. trade measures, including 100% tariffs on Chinese tech exports and tighter export controls on critical software.
The policy shock led to the largest single-day drop in crypto history, with nearly $19 billion worth of leveraged positions liquidated, and altcoins absorbing the heaviest losses.
Bitcoin, while not immune, held up comparatively better during the chaos.
No specific quote available in the text.
Author's summary: Crypto market recovers $190 billion.
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