The crypto market experienced a rebound after a rough start to the week, with liquidations dropping to $384.4 million in the past day. The global market cap also rose by 1.1%. The dip in the market was driven by fears of a global recession and trade wars. Bitcoin and Ethereum reached monthly and yearly lows. However, recent diplomatic developments, such as a temporary ceasefire in Ukraine and the suspension of tariffs in Ontario, have reduced geopolitical tensions and eased trade tensions. US political figures have reassured the markets that President Trump's economic policies will eventually stabilize the economy. The White House Press Secretary emphasized that the market dip is temporary and that market numbers can evolve over time. These factors have contributed to the recent recovery in the crypto market.



Other News from Today