On Sunday, the total market capitalization of cryptocurrencies surged back above $4 trillion, with Ethereum (ETH), BNB, and Dogecoin (DOGE) recording double-digit gains after nearly $500 billion in cryptocurrency value was wiped out during Friday's market crash.
According to CoinGecko, these three blue-chip coins rose by 10.5%, 13.6%, and 12.5% respectively over the past day, while Solana (SOL), Cardano (ADA), and Chainlink (LINK) also saw gains exceeding 10%.
Synthetix (SNX) briefly surged over 100%—surpassing pre-crash price levels and even reaching a new high for 2025—while other smaller market cap coins like Mantle (MNT) and Bittensor (TAO) saw increases of over 30%.
During this market crash, Bitcoin fell from around $121,560 to below $103,000, triggered by U.S. President Trump imposing a 100% tariff on China, attempting to implement export restrictions on rare earth minerals needed for manufacturing computer chips.
Binance's front end briefly displayed multiple altcoin prices at $0, and the USDe synthetic dollar became unpegged on Binance due to internal oracle issues, exacerbating market turmoil.
The cryptocurrency market began to recover after Trump stated, "Don't worry about China," adding that he hopes to help China rather than harm it.
Although prices have not fully rebounded from Friday's crash, this recovery has led many to optimistically believe that Bitcoin could still surge to $200,000 by the end of 2025.
Cryptocurrency market analyst Mister Crypto stated that Bitcoin is retesting the golden cross—a bullish technical pattern that has historically preceded price surges, including a 2200% increase in 2017 and a 1190% increase in 2020.
"This setup looks very strong," he wrote, adding that a confirmed breakout could lead to an "absolute explosion" in Bitcoin prices in the coming weeks.
Cryptocurrency trader Alex Becker indicated that this is "very likely" the beginning of a bull market, while Jan3 founder Samson Mow added, "It's time to welcome the next wave of Bitcoin."
Another cryptocurrency analyst, "Mac," noted that while the risk-reward setup appears favorable, he does not expect significant price increases in the short term but speculated that there might be "more upward volatility" next week.
CoinGecko data shows that Bitcoin is currently trading at $115,585, still down 4.9% from the start of the decline and approximately 8.8% lower than the $126,080 peak reached last Monday.
Meanwhile, crypto analysis platform Lookonchain pointed out that the largest corporate Ethereum (ETH) treasury company, BitMine Immersion Technologies, purchased over 128,700 ETH worth $480 million shortly after the crash.
BitMine Executive Chairman Tom Lee stated that the stock market correction "was somewhat overdue," as the market had risen about 36% since the low in April.
"I think this is a good cleansing," Lee told CNBC, adding that any price drop without real structural changes is a "great buying opportunity."
Strategy Executive Chairman Michael Saylor hinted that his company bought the dip, posting a chart of Strategy's Bitcoin holdings on X on Saturday, captioned: "Don't Stop ₿elievin'"
BitBo's Bitcoin treasury data shows that no other companies holding Bitcoin have confirmed purchases or sales over the weekend.
Related: Several major banks jointly explore issuing G7 currency-pegged stablecoins
Original article: “Cryptocurrency Market Cap Recovers to $4 Trillion, Ethereum (ETH), BNB, DOGE Lead the Surge”
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
