Cryptocurrencies Rebound After Record Crash as Trade Tensions Ease

Deep News

Oct 13

Most major cryptocurrencies have rebounded following a brutal sell-off.

On Monday morning Singapore time, Bitcoin recovered to over $115,000 after briefly falling below $105,000 during Friday's U.S. trading session. Smaller tokens also regained some ground, with Ethereum bouncing from below $3,500 to approximately $4,200.

Sunday's cryptocurrency crash wiped out a record $19 billion in leveraged positions, with leveraged trading, automated sell-offs, and low liquidity during inactive global trading hours exacerbating losses for traders.

"Trump's moderated tone has driven this rebound," said Richard Galvin, co-founder of hedge fund DACM. Galvin added that most so-called altcoins (smaller tokens) remain well below their October 9 levels. "Looking ahead, news-driven risks remain elevated throughout 2025, just as they have been."

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Galvin added that most so-called altcoins (smaller tokens) remain well below their October 9 levels. \"Looking ahead, news-driven risks remain elevated throughout 2025, just as they have been.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4594","symbol_name":"比特币ETF概念","start_time":0,"source_url":"","article_id":"1100234366","we_media_id":"1039043262","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100234366","pubTimestamp":1760325659,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Deep News","introduction":"Global Stock Market Deep Analysis","home_visible":1,"id":"1039043262","head_image":"https://community-static.tradeup.com/news/8296859682db4b478146245e72de1922"},"summary":"Most major cryptocurrencies have rebounded following a brutal sell-off. 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