Crypto markets rebound after $19 billion wipeout leaves traders reeling
The crypto market bounced back on Monday, just days after traders experienced the worst crypto liquidation event in history. Bitcoin is up 3% over the past 24 hours to now near $115,00, according to data from Binance. Ethereum, the world’s second largest cryptocurrency by market capitalization, is up even more, gaining almost 9% to hover near $4,130. After dipping below the $4 trillion mark on Friday, the total market capitalization of all cryptocurrencies have swung back nearly 5% over the past day to $4.01 trillion.
The ricochet in crypto prices follows a disastrous Friday that saw more than $19 billion in traders’ positions evaporate. It was the largest one-day liquidation event ever tracked by the crypto analytics company…
