tldr; Bitcoin and Ethereum rebounded after a massive sell-off that led to the largest single-day liquidation in crypto history, wiping out nearly $20 billion in positions. The crash was triggered by geopolitical tensions, including President Trump’s tariff announcement against China. Bitcoin rose 5% to $115,100, Ethereum surged 10.5% to $4,138, and other altcoins also recovered. Analysts attribute the rebound to short-covering and mean reversion after an overreaction to the news.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; Bitcoin and Ethereum rebounded after a massive sell-off that led to the largest single-day liquidation in crypto history, wiping out nearly $20 billion in positions. The crash was triggered by geopolitical tensions, including President Trump’s tariff announcement against China. Bitcoin rose 5% to $115,100, Ethereum surged 10.5% to $4,138, and other altcoins also recovered. Analysts attribute the rebound to short-covering and mean reversion after an overreaction to the news.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.