🔥Crypto market begins to recover after severe liquidations due to drop 🤔
On Friday, the crypto market suffered one of the worst drops in history in a short time, after President Donald #TRUMP stated that his country will impose a 100%
tariff on #china starting in November, due to Beijing's "aggressive stance" on trade.
In less than an hour after the announcement, more than $7.5 billion in open (leveraged) positions were liquidated. And just within 24 hours, liquidations had already surpassed $19 billion, primarily led by #BTC , #ETH , SOL, and XRP.
On Sunday, Trump sent a message of "relief" to investors, saying "don't worry about China and that everything is fine," improving market sentiment. Thus, today we have Bitcoin in the range of $114,000, after having touched the low of $102,000 on Friday in an instant.
Do you think Bitcoin has already hit the bottom and is starting the "bull rally," or is it a "false rise"?
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