As per Coindesk, the crypto market is stabilizing after a $19 billion liquidation event triggered by Trump’s 100% tariff announcement on Chinese imports. Cardano (ADA) and Dogecoin (DOGE) led the rebound, gaining nearly 10% in 24 hours. Bitcoin (BTC) rose 2.7% to $114,665, while Ethereum (ETH) surged 8.3%. Over 6,300 wallets were liquidated on Hyperliquid, with traders losing millions due to Auto-Deleveraging. China’s Ministry of Commerce and Trump’s comments helped ease trade war fears, supporting a market rebound. Analysts suggest the broader bullish trend remains intact, with ETF inflows strong and exchange balances near cycle lows.
Cardano (ADA) and Dogecoin (DOGE) Lead Crypto Rebound After $19B Liquidation Event
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