Ethereum Climbs Back After Black Friday Bloodbath: Can Crypto Quickly Recover?

Last Friday’s US-China trade war fears sent shockwaves through the market, triggering a massive sell-off that shook the crypto world. The situation reached critical levels with over $19 billion in leveraged positions liquidated – a record for the cryptocurrency industry and dwarfing even the Terra/Luna collapse. However, the crypto market showed resilience on Sunday, with Ethereum (ETH) bouncing back to the $4,100 mark. Other top ten cryptocurrencies outside of Bitcoin, TRON, and stablecoins witnessed gains of roughly 10%. While markets show signs of recovery, the fear factor remains high as indicated by a sentiment reading of 31.