While financial markets collapse under the threat of new announcements related to the trade war orchestrated by Donald Trump, the crypto market takes everyone by surprise. Indeed, XRP and Ethereum are bouncing back sharply, breaking with an established bearish trend. Are these assets in the process of sustainably detaching from classic macroeconomic dynamics ? In a context of tariff tensions and increased volatility, the crypto market’s reaction raises questions about its ability to play a strategic alternative role.
While the stock market plunges in a risk aversion climate caused by new announcements from Donald Trump on the imminent tariff hikes, XRP and Ethereum reversed their trajectory, showing gains of +4.5 % and +2.7 % respectively over 24 hours.
This performance is all the more significant as it takes place in a context where the entire crypto market seemed to be in decline. Indeed, the total capitalization of the crypto market shrank by nearly 1 %.
In his speech, Donald Trump stated :
We will tax countries that abuse our economy. This includes China, Canada, Mexico, and even the European Union.
This announcement triggered immediate instability in equity markets : the S&P 500 dropped 3.33 % in one day, illustrating the extent of volatility.
The contrast between the downfall of traditional markets and the rebound of certain altcoins suggests a temporary dissociation of economic dynamics. Some elements help better understand this reversal :
This short-lived surge, though remarkable, fits within a still very unstable climate where short-term trades can be quickly called into question.
While the weekend opened with significant losses, an unexpected inflection occurred as early as Monday with a selective recovery of several cryptos. Leading this rebound are XRP and Ethereum, which “rose respectively by 4.5 % and 2.7 % over the day”. This recovery was driven not by bitcoin or the traditional sector giants, but by certain altcoins.
This is a sign of a more tactical repositioning by investors. Leading the rebound is the DeFi protocol based on Ethereum, Ethena, which climbed 10.8 % in 24 hours.
Moreover, predictive markets note a specific optimism rebound around certain assets. According to Myriad Markets, the probability that XRP gets an ETF before Litecoin is now estimated at 64 %. As for Ethereum, forecasts indicate a 54.4 % probability of the crypto setting a new all-time high before the end of the year, while it is currently “27 % below its ATH of $4,878.26”.
These signals suggest that investors now distinguish assets according to their short-term potential, beyond the overall geopolitical climate. While the crypto market remains overall cautious, recent arbitrages in favor of certain assets like Ethena or Stellar (+8.1 %) suggest that specific sectoral opportunities are taking precedence.
This recovery, although modest and still fragile, illustrates a structural resilience of the crypto market, capable of bouncing back even in contexts of high macroeconomic uncertainty.
