Bitcoin and Ethereum have staged a strong weekend recovery following what analysts called the largest single-day wipeout in crypto history. The rebound came after U.S. President Donald Trump’s reassuring comments on China helped calm global market fears.
Late Friday’s sudden crash wiped $19 billion from the crypto market, but Trump’s remarks on Truth Social over the weekend seemed to reverse the panic.
He wrote, “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I. The U.S.A. wants to help China, not hurt it!!! President DJT.”
The timing drew attention, as Trump’s market-moving statements often arrive after Wall Street closes, leaving 24/7 crypto traders to absorb the shock first. Bitcoin had climbed back to $114,359, up 5% in the last 24 hours, while Ethereum reclaimed $4,100, rising over 20% from its Friday low, according to CoinMarketCap.
Meanwhile, major altcoins, including Solana, BNB, and Dogecoin, are up 10%, 15%, and 11%, respectively, and total crypto market capitalization has again soared back over $3.90 trillion.
Crypto’s nonstop nature makes it the first to react to global uncertainty. Traders like Brett believe Trump’s comments were a calculated move to ease fears before traditional markets open on Monday. Analysts note that equities may start the week largely unaffected, while crypto has already weathered the storm.
Even betting markets show cooling tensions, Polymarket traders now see only a 17% chance that Trump will impose a 100% tariff on China by November 1, down from 37% before his statement.
Market sentiment is improving fast, with some analysts suggesting that Trump’s weekend shock-and-soothe pattern might be deliberate. As one trader joked, Crypto bleeds privately before Wall Street wakes up.
Whether intentional or not, the episode highlights how politics, especially Trump’s words, continue to shape crypto’s wild weekend moves with Bitcoin and Ethereum once again leading the global recovery.
