The crypto market experienced significant volatility, with a flash crash triggered by US-China tariff concerns leading to $19-20 billion in liquidations. While Bitcoin showed resilience with a 2.8% 24h gain, altcoins like Ethereum and Solana initially cratered before showing signs of recovery, with Ethereum spiking 10.15% and BNB notably rebounding over 14.32%. Market participants are now assessing whether the bottom has been reached and if a broader recovery is underway amidst ongoing geopolitical tensions.
Key Developments
- US-China tariff concerns triggered a significant crypto flash crash and $19-20 billion in liquidations.
- Altcoins experienced a sharp decline but showed signs of recovery, with BNB leading the rebound.
- Discussions around potential ETF approvals for XRP, Solana, and Cardano are gaining traction.
- Warnings from prominent figures like Peter Schiff and Robert Kiyosaki about future market crashes and Bitcoin's true bottom.
- Binance faces scrutiny regarding technical outages during the sell-off and potential user reimbursements.
Next 6 Hour Outlook
Expect continued volatility as markets digest recent events and monitor geopolitical developments, with recovery attempts likely to persist but caution remaining regarding a definitive market bottom.
Top Tickers
BTC
ETH
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BNB
SOL
ADA
LINK
SHIB
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LTC