Altcoins Surge as Crypto Market Tops $3 Trillion

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Cryptocurrency markets are showing strong signs of recovery, with total capitalization reclaiming the psychological barrier. 

Total market capitalization topped $3 trillion for the first time since early March as altcoins followed their big brother Bitcoin in recovery.

It is the first time total cap has been over $3 trillion since March 7, and could be a sign of a sustained recovery as more than $500 billion has entered the market since April 9.

The 4.6% gain for crypto markets came as US President Donald Trump flip-flopped again on trade tariffs, saying that tariffs on China won’t be as high as 145% and “will come down substantially, but won’t be zero.”

Trump has also eased off on Federal Reserve chair Jerome Powell, saying he has “no intention” of firing the central banker after calling him a “major loser” earlier this week.

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