Crypto Bounces Back From Record Wipeout on Easing Trade Fears

Most major cryptocurrencies rebounded from steep losses suffered over a brutal weekend selloff, as President Donald Trump sought to quell concerns over trade between the US and China.

The combined market value of all cryptocurrencies rose more than 6% to top $4 trillion on Monday, according to CoinGecko data. Bitcoin was trading at about $115,000 on Monday morning in London, after sliding below $105,000 on Friday in the US. Smaller tokens also regained some ground, with Ether back to about $4,100 after falling to less than $3,500.