Total crypto market capitalization surged by more than $4 trillion on Sunday, with Ether, BNB and Dogecoin posting double-digit gains after Friday’s market crash wiped out nearly $500 billion in crypto value.
The three blue-chip coins have gained 10.5%, 13.6%, and 12.5% over the past day, while Solana (SOL), Cardano (ADA), and Chainlink (LINK) are also up more than 10%, according to CoinGecko. data Shows.
Synthetix (SNX) briefly surged more than 100% – eclipsing its pre-crash price level and even setting a new 2025 high – while some other small-cap coins like Mental (MNT) and Bittensor (TAO) surged more than 30%.
The market slide, in which Bitcoin fell from around $121,560 to below $103,000, was triggered by US President Donald Trump’s 100% tariffs on China as part of an effort to impose export restrictions on rare earth minerals, which are vital for making computer chips.
The market turmoil was exacerbated by Binance’s front end briefly showing $0 prices on several altcoins, as well as the fall of the USDe synthetic dollar on Binance due to an internal oracle issue.
Crypto market recovery started around the time of Trump Said “Don’t worry about China,” he said, saying he wanted to help China, not hurt it.
Although prices have not fully recovered after Friday’s decline, the recovery has many hopeful that Bitcoin (BTC) could still reach $200,000 before the end of 2025.
Crypto market analyst Mister Crypto said Bitcoin is retesting the golden cross – a bullish technical pattern that has historically preceded rallies, including a 2,200% increase in 2017 and a 1,190% increase in 2020.
“The setup looks incredibly strong,” he wrote, adding that a confirmed breakout could “absolutely explode” the price of Bitcoin in the coming weeks.
crypto trader alex bekker said it was “highly likely” that this was the beginning of a bull market, while Jan3 founder Samson Mo said: “It is time for Bitcoin to move into the next phase.”
Another crypto analyst, “Mac,” Said While the risk-to-reward setup looks favorable, he does not expect a big bounce in the immediate term, but estimates there could be “a little more upside” in the next week.
Bitcoin is currently trading at $115,585, which is still 4.9% lower than the start of the decline and about 8.8% below the high of $126,080 set last Monday, according to CoinGecko. data Shows.
Bitcoin capitalized on the decline
Meanwhile, the largest corporate ether (ETH) treasury company, Bitcoin Immersion Technologies, purchased 128,700 ETH worth $480 million shortly after the crash, crypto analytics platform LookOnchain reported. noted.
Tom Lee, Executive Chairman of Bitcoin, Said The stock market decline was “somewhat overdue”, as the market is up about 36% from the April low.
“I think it’s a good flow,” Lee told CNBC, adding that any price decline without real structural change is a “good buying opportunity.”
The strategy may also have taken its toll
Michael Saylor, Executive Chairman of Strategy indicated His company bought the dip on Saturday, posting a chart of the strategy’s Bitcoin holdings on X with the caption: “Don’t stop ₿alivin'”
Connected: Why did some altcoins drop to zero on Binance?
Bitbo’s Bitcoin Treasuries data Turns out no other Bitcoin-holding companies have confirmed purchases or sales of Bitcoin over the weekend.
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