Cardano (ADA) and Dogecoin (DOGE) Lead Crypto Market Recovery After $19 Billion Liquidation Event

Bitcoin (BTC) traders are recovering from one of the most volatile weekends in cryptocurrency history. The flash crash triggered by Trump's 100% tariff announcement on Chinese imports eliminated nearly $19 billion in crypto positions - marking the largest single-day liquidation ever recorded. However, 48 hours later, markets have stabilized with a significant rebound emerging as both Washington and Beijing took steps to de-escalate trade tensions. Alternative cryptocurrencies including Cardano (ADA) and Dogecoin (DOGE) are leading the recovery, with both assets gaining nearly 10% within 24 hours as discounted prices attracted bargain hunters. Bitcoin climbed 2.7% to approximately $114,665 while Ethereum (ETH) surged 8.3% to $4,135. BNB recorded impressive 13.9% gains, demonstrating renewed liquidity flowing toward ecosystem tokens, with XRP rising 7.4% and Solana (SOL) adding 7.2%. Market analysts confirm the broader bullish trend remains intact despite the volatility reset. "We witnessed a massive emotional reset," stated Justin d'Anethan, Head of Partnerships at Arctic Digital, noting that "the longer-term structure remains undamaged with strong ETF inflows and exchange balances near cycle lows." The liquidation event affected over 6,300 wallets on Hyperliquid exchange alone, with Auto-Deleveraging mechanisms amplifying the downturn. The recovery accelerated as China's Ministry of Commerce clarified rare-earth export controls wouldn't constitute a blanket ban, while Trump signaled constructive trade intentions. According to BTSE COO Jeff Mei, "If U.S.-China tensions don't escalate into full trade war, markets will likely recover and approach all-time highs." Future price movements will depend on interest rates and risk appetite, with ETH and yield-generating tokens expected to outperform if central banks implement easing policies.