Cryptocurrency Rebound Following Trump’s Tariff Announcement

The cryptocurrency market experienced a rapid recovery after the tariff announcements by U.S. President Donald Trump against China. Bitcoin, which briefly fell to $108,000 in what was described as the 'largest crypto crash ever,' rebounded to $115,000 by Monday morning, approximately 9% below last week's record high of $126,000.

Altcoins followed a similar trend. Due to smaller market capitalizations, they are typically more volatile during crises, dropping over 20% from Friday evening to Saturday morning. However, the overall crypto market capitalization grew by about $300 billion over the weekend, with Ethereum, BNB, Dogecoin, and Chainlink showing strong, sometimes double-digit growth rates.

Most crypto assets remain significantly below their values from a week ago, but the recovery rates are notable. The Binance token BNB, in particular, rose 10% above the previous week, reaching a new all-time high of $1,341 on Monday morning.

According to crypto analysis service Coinglass, Trump's tariff threats triggered the largest crypto liquidation in history, wiping out leveraged positions worth over $19 billion within 24 hours, affecting around 1.6 million traders. The decentralized exchange HyperLiquid, specializing in leveraged trading, was notably impacted.

Despite this significant crash, the crypto market has shown a strong recovery, with Bitcoin trading at $115,000 on Monday morning, 83% higher than the price a year ago.