Major cryptocurrencies bounced back on Monday after a harsh weekend selloff that wiped billions off the market. A softer tone from US President Donald Trump on trade with China helped restore some calm and lift prices across the board.
At the time of writing, the global crypto market cap had risen 4.37% to $3.89 trillion on Monday, according to CoinMarketCap.
Bitcoin, which briefly fell below $105,000 on Friday in the US, was trading at $115,127.37, up 2.91% over the past day. The rebound brought some relief after fears of a deeper correction.
Ethereum also staged a strong comeback, rising 8.68% to $4,154.14, while several other cryptos like XRP, Solana, Cardano and Chainlink, regained lost ground.
The CoinDCX Research Team said the recovery showed signs of gradual stabilisation: “After plummeting to nearly $100,000, the Bitcoin price is attempting to stabilise around the $115,000 mark. However, the star token’s ambivalent behaviour has kept the bulls on reserve, causing them to be less active right now.”
They added that altcoins were showing more strength compared to Bitcoin: “Meanwhile, the altcoins are displaying strength, with Ethereum sustaining above $4000 and BNB above $1200. Besides, Solana experienced a strong recovery and is pushing hard to regain $200.”
The easing of trade tensions between the US and China has injected some optimism back into the market. Stablecoin supply has climbed to an all-time high of $301.5 billion, signalling fresh liquidity.
The CoinDCX team noted that, “The US and China ease trade tensions with a willingness for negotiations, raising hope for a market rebound. In the meantime, the funding rate across crypto has hit its lowest point since the 2022 crash, marking one of the most severe leverage resets in history.”
Vikram Subburaj, CEO of Giottus.com, said the market reacted positively to President Trump’s more measured remarks. “Bitcoin staged a sharp weekend rebound as US President Donald Trump’s softer tone on China helped calm markets and reverse the panic triggered by his tariff announcement late Friday.”
He explained that Trump’s comments were seen as an attempt to avoid wider market panic:
“Traders read Trump’s conciliatory Truth Social post as a deliberate de-escalation to stabilise global markets before Monday. Polymarket odds for a 100% China tariff by November dropped from 26% to just 8%. This reinforces the view that the threat was more bluff than brinkmanship.”
Subburaj noted growing interest around a possible bullish move. “Technically, Bitcoin is once again flirting with a ‘golden cross.’ Analysts note that similar setups in 2017 and 2020 triggered 10x moves, and if BTC sustains above the $117,000 level, momentum could build toward another leg higher.”
For now, the mood in the crypto market has shifted from panic to cautious optimism, but traders remain alert to global cues.
