Quick Facts:
1️⃣ Big cryptos like $BNB, $DOGE, and $ETH bounced back fast after a major market crash.
2️⃣ The crash and quick recovery were tied to President Trump’s statements on China tariffs.
3️⃣ PepeNode is a new project that lets you virtually mine crypto and earn rewards without the expensive gear.
The crypto market soared to over $4T in value just days after a flash crash wiped out nearly half a trillion dollars.
The dramatic rebound was led by some of the biggest names in the game: $ETH, $BNB, and $DOGE, all of which shot up by around 10%.
The Friday crash was triggered by a surprise announcement from President Donald Trump, who imposed a new 100% tariff on China. This news sent shockwaves through the markets, causing Bitcoin to plummet below $103K.
Things then got even wilder when Binance had a glitch that briefly showed some altcoin prices at $0, and a synthetic dollar briefly lost its value on the exchange.
While prices haven’t fully bounced back to their previous highs for everyone, some, including $BNB, even edged higher than before the announcement.
One analyst noted that Bitcoin is retesting a ‘golden cross,’ a technical term that has historically triggered significant rallies.
As prices were falling, some major players saw an opportunity.
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Author: Ben Wallis