Cardano (ADA) and Dogecoin (DOGE) Lead Crypto Rebound Following an 'Emotional' $19B Reset

Cardano (ADA) and Dogecoin (DOGE) have emerged as front-runners in a notable rebound in the cryptocurrency market, following a significant flash crash that erased nearly $19 billion in positions. This crash was triggered by President Trump's tariff announcement on Chinese imports, leading to the largest single-day liquidation in crypto history. However, the market showed signs of stabilization within 48 hours as hopes grew concerning easing U.S.-China trade tensions. As traders reassess their positions, ADA and DOGE registered gains of nearly 10% within 24 hours, indicating a recovery in discounted valuations. Major cryptocurrencies like Bitcoin and Ethereum also saw upticks, with Bitcoin rising about 2.7% to approximately $114,665 and Ethereum gaining 8.3% to $4,135. Analysts noted the return of liquidity towards ecosystem tokens, while ETF inflows and low exchange balances hinted at a continuing bullish trend despite recent volatility, suggesting that the emotional reset of market sentiment could offer a path toward recovery in long-term valuations.

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