Crypto Market Recovers After Record Wipeout Triggered by Trump's Tariff Threats

The cryptocurrency market experienced a significant rebound following a historic single-day liquidation event, which saw billions wiped out. Bitcoin and Ethereum, among other major digital assets, saw sharp declines before initiating a recovery. This volatility was largely attributed to geopolitical tensions stemming from U.S. President Trump's announcement of increased tariffs on Chinese imports.