As per Finbold, the global cryptocurrency market has added approximately $190 billion in market capitalization over 24 hours, recovering to near $4.019 trillion as of October 13 (GMT+2). This follows a historic single-day drop triggered by new U.S. trade measures announced on October 10, which included 100% tariffs on Chinese tech exports and tighter export controls on critical software. The policy shock led to nearly $19 billion in liquidated leveraged positions, with altcoins suffering the heaviest losses. Bitcoin rebounded toward $115,000 after briefly falling below $105,000, while Ethereum recovered above $4,100 from sub-$3,500 levels. Smaller tokens also saw a relief bounce, though many remain below pre-crash valuations. Despite the recovery, investor confidence remains fragile, with market watchers warning of continued volatility tied to U.S.-China trade relations.
Crypto Market Adds $190 Billion in 24 Hours After Historic Crash
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