Crypto Market Recovers from Historic Liquidation as $TAP’s App Launch Ignites $1M Presale Rally
The cryptocurrency market has staged a remarkable recovery following the largest liquidation event in its history, which saw $19.2 billion wiped out on October 10, 2025. The sell-off, triggered by geopolitical tensions stemming from former U.S. President Donald Trump's tariff announcement, initially sparked fears of a prolonged bear market.
Market participants initially attributed the crash to Trump's pledge to impose 100% tariffs on Chinese imports, but growing speculation suggests possible market manipulation targeting Leveraged positions. Despite predictions of extended downturn, the market demonstrated its characteristic resilience, rebounding within days.
Leading the recovery is emerging project $TAP, whose live application launch has catalyzed a $1 million presale rally. The rapid turnaround has surprised many analysts who had anticipated longer-term fallout from the liquidation event.
