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Crypto bounces after $19 billion wipe: Data shows a faster recovery than ever

Crypto News

A pile of cryptocurrencies (Image source: Traxer/Unsplash)
A pile of cryptocurrencies (Image source: Traxer/Unsplash)

A $19 billion crash erased billions from crypto markets, but prices rebounded sharply within 48 hours. Bitcoin and Ethereum led the surge, while total capitalization swung back to $4 trillion in one of the fastest crypto recoveries on record.

The cryptocurrency market has been known to see-saw wildly, but the latest recovery has been remarkably swift. Just a few days ago, headlines around the world screamed that about $19 billion in leveraged positions got wiped out in the space of 24 hours, causing a mad sell scramble that sent market capitalization diving below $4 trillion.

However, in an exceptional rally, Bitcoin has shot up by 3% since then, almost touching…

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