Digital assets suffered their largest one-day liquidations in history following concerns over a renewed global trade war, but recovered some losses in early trading.

Digital assets celebrated one of their best weeks ever, as Bitcoin hit new record highs following a US government shutdown.

Digital assets staged a late rally after “the harshest selloff in months”, posting positive performances despite spending most of the week suffering liquidations.

Digital assets suffered losses after an initial strong performance, as traders waited to digest the full effects of the Federal Reserve’s “hawkish cut”.

Digital assets performed strongly, regaining a $4tn market capitalisation as several major industry firms added to this year’s IPO successes.

Digital assets showcased modest growth this week, as increases in Bitcoin managed to offset Ether’s decline.