Major cryptocurrencies rebounded on Monday, after the space saw a $19 billion wipeout last Friday — the largest liquidation in crypto’s history. The selloff in crypto, like the selloff in U.S. stocks, was triggered by concerns about the potential ramp-up of global trade tensions, after President Donald Trump

announced an additional 100% tariff against China.

Bitcoin BTCUSD rose 0.5% over the past 24 hours to around $114,683 Monday morning, up 6.9% from a Sunday low at $106,770, according to CoinDesk data. The largest cryptocurrency by market cap was still 9.2% away from its record high at $126,272, reached on Oct. 6, while up 22.6% this year, according to Dow Jones Market Data.