Crypto Market Recovery
The crypto market has shown resilience after a recent "flash crash" by recovering $190 billion in value.
The crash, which occurred due to outside shocks, wiped out hundreds of billions in value, but an influx of bargain hunters has sent the total crypto market cap back above $4 trillion.
The speed and violence of the crash were a stark reminder of how easily the crypto market can be impacted by outside shocks.
- The rapid recovery may mask substantial and systemic weaknesses revealed by the "flash crash".
- The large-scale breakdown started on October 10, 2020, with an abrupt increase in U.S.-China trade tensions.
Author's summary: Crypto market recovers $190 billion after flash crash.
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