The global cryptocurrency market has bounced back strongly, reclaiming the $4 trillion mark after a sharp sell-off that erased nearly $500 billion in value on Friday. Leading digital assets such as Ethereum (ETH), BNB, and Dogecoin (DOGE) posted double-digit gains of 10.5%, 13.6%, and 12.5%, respectively, according to CoinGecko data. Other top performers include Solana (SOL), Cardano (ADA), and Chainlink (LINK), all rising over 10%. Meanwhile, Synthetix (SNX) skyrocketed more than 100%, reaching a new 2025 high, while smaller-cap tokens like Mantle (MNT) and Bittensor (TAO) gained over 30%.
The recent crash, which saw Bitcoin (BTC) plunge from $121,560 to below $103,000, was triggered by U.S. President Donald Trump’s announcement of a 100% tariff on Chinese imports, targeting rare earth minerals critical for chip production. Additional volatility came from Binance’s temporary display glitch showing $0 prices for several altcoins and a brief depegging of the USDe synthetic dollar.
Market sentiment shifted upward after Trump reassured investors, saying “not to worry about China,” which spurred renewed buying momentum. Bitcoin now trades around $115,585 — still 4.9% below pre-crash levels — but analysts remain bullish. Market expert Mister Crypto noted that Bitcoin is “retesting the golden cross,” a historically bullish signal that preceded massive rallies in 2017 and 2020. Traders like Alex Becker and Samson Mow believe this could mark the beginning of the next major bull cycle.
Institutional investors also seized the opportunity. BitMine Immersion Technologies purchased 128,700 ETH worth about $480 million post-crash, while Strategy executive chairman Michael Saylor hinted at a Bitcoin accumulation, posting “Don’t Stop ₿elievin'” on X. With optimism returning, many in the crypto community believe Bitcoin could still surge toward the $200,000 mark before 2025 ends.
