Bitcoin (BTC) clawed its way back to almost $80,000, staging a relief rally after dipping below $75,000 late Monday and spurring a run-up in major tokens.
Dogecoin (DOGE), BNB Chain’s BNB, XRP and Cardano’s ADA rose as much as 10%, alleviating some of the past 24 hours’ losses. The broad-based CoinDesk 20 (CD20) added nearly 9%.
Overall, crypto market cap has pulled back to levels seen in early November last year, when Donald Trump’s victory triggered a rally that propelled the total value through a level that had been seen as offering resistance to further gains.
Equity markets staged a bounce late Monday as rumors of an impending tariff respite caused the S&P 500 to soar over 7%, and then gave up nearly all those gains after the White House called the speculation “fake news.”
Crypto-tracked futures amassed over $1.2 billion in liquidations on Monday as major cryptocurrencies slumped more than 20% at one point, setting the…
