Analysts warn of another crypto market crash today
Friday, Oct. 10, witnessed the worst wipeout in the crypto market after President Donald Trump threatened to impose a 100% tariff on imports from China to the U.S.
The total crypto market capitalization fell from $4.1 trillion to $3.6 trillion within hours of the announcement. Bitcoin also fell from above $122,000 to $105,000 during the crash, with other cryptocurrencies following suit.
On Monday, Oct. 13 there are signs of a recovery. The total market cap has recovered to $3.8 trillion, with Bitcoin trading well above the $114,500 price mark.
Related: What is Crypto? Cryptocurrency explained
But crypto analysts say it’s too early to take a sigh of relief.
A popular crypto analyst, with the handle on X, warned the…
