Crypto markets recover modestly following trade-related remarks from U.S. President Trump and Chinese officials, though significant losses from Friday remain.
Crypto markets saw a slight recovery on Sunday following calming remarks from U.S. President Trump and Chinese officials about easing trade tensions. Despite a 3% gain in Bitcoin and more significant advances in altcoins like Ether and Solana, the rebound does little to erase the heavy losses from Friday, with Bitcoin down 7% over the past week. Meanwhile, trading volumes surged, with August seeing a 7.58% rise to $9.72 trillion across centralized exchanges, led by Gate exchange’s 98.9% volume surge.