- Total cryptocurrency market value rose above $4 trillion on Sunday following a recent sharp decline.
- Major coins including Ether, BNB, and Dogecoin posted double-digit percentage gains, while others like Solana and Cardano also rebounded.
- The recent market drop was linked to a 100% U.S. tariff on China, causing Bitcoin to fall below $103,000 before partially recovering.
- Large companies such as BitMine Immersion Technologies and Strategy reportedly bought significant cryptocurrency amounts during the dip.
- Experts believe the market could see further gains in 2025 but caution a full rebound has not yet occurred.
On Sunday, the value of the cryptocurrency market climbed back above $4 trillion after a sudden market crash on Friday wiped out nearly $500 billion in digital assets. This rebound occurred as coins like Ether, BNB, and Dogecoin each experienced double-digit percentage increases, according to CoinGecko.
Data showed Ether rose by 10.5%, BNB by 13.6%, and Dogecoin by 12.5% in one day. Other major coins including Solana, Cardano, and ChainLink were up over 10%. Meanwhile, Synthetix surged briefly by more than 100%, surpassing its previous high for 2025. Some smaller coins, like Mantle and Bittensor, rose over 30%.
The crash last week was triggered by a 100% tariff on Chinese goods announced by U.S. President Donald Trump, aimed at placing limits on critical rare earth metal exports. Bitcoin dropped from about $121,560 to below $103,000 during the selloff. Additional volatility emerged when Binance temporarily displayed incorrect prices and experienced an issue that caused a synthetic dollar called USDe to lose its peg.
Recovery in crypto prices began after President Trump said on Truth Social that there was “not to worry about China,” suggesting the U.S. aims to support rather than harm China. By the end of the weekend, Bitcoin was trading at $115,585, still 4.9% below its pre-crash level and down around 8.8% from the weekly high.
Some crypto companies took advantage of falling prices. BitMine Immersion Technologies acquired over 128,700 Ether valued at $480 million, as reported by analytics platform Lookonchain. Tom Lee, executive chairman of BitMine, told CNBC, “I think it’s a good flush,” and described price drops not connected to fundamental changes as a “good buying opportunity.”
Strategy executive chairman Michael Saylor suggested his company also increased Bitcoin holdings, sharing a chart of Bitcoin purchases on X with the message: “Don’t Stop ₿elievin’” (source). Data from BitBo shows that no other major Bitcoin-holding firms reported additional moves during this period.
Crypto market commentators suggest the setup remains strong for potential future growth, but some analysts expect only gradual upward movement in the near term.
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