The total market capitalization of cryptocurrencies surged past $4 trillion on Sunday, with Ether, BNB, and Dogecoin all experiencing double-digit gains following Friday’s market crash that erased nearly $500 billion in value.
The three leading cryptocurrencies recorded increases of 10.5%, 13.6%, and 12.5% over the last day, while Solana (SOL), Cardano (ADA), and Chainlink (LINK) also climbed by more than 10%, according to CoinGecko data.
Synthetix (SNX) briefly soared over 100% — surpassing its pre-crash price and even reaching a new high for 2025 — while smaller-cap coins like Mantle (MNT) and Bittensor (TAO) rose by over 30%.
The market crash, which saw Bitcoin drop from around $121,560 to below $103,000, was instigated by US President Donald Trump’s implementation of a 100% tariff on China, intended to impose export restrictions on rare earth minerals essential for computer chip production.
The chaos was worsened by Binance briefly displaying $0 prices for several altcoins, along with the USDe synthetic dollar losing its peg on Binance due to an internal oracle problem.
The crypto market began to rebound around the time Trump stated “not to worry about China,” indicating that the nation seeks to assist rather than harm it.
Although prices have not fully recovered from Friday’s decline, there is growing optimism that Bitcoin (BTC) could still approach $200,000 before the end of 2025.
Crypto market analyst Mister Crypto noted that Bitcoin is retesting the golden cross — a bullish technical indicator that has historically foreshadowed rallies, including a 2,200% surge in 2017 and a 1,190% rise in 2020.
“The setup looks incredibly strong,” he remarked, suggesting that a confirmed breakout could lead to a significant spike in Bitcoin prices within the forthcoming weeks.
Crypto trader Alex Becker asserted that there is a “very high chance” this is the commencement of the bull market, while Jan3 founder Samson Mow proclaimed: “It’s time for Bitcoin’s next leg up.”
Another analyst, “Mac,” mentioned that while the risk-reward situation seems appealing, he doesn’t foresee an immediate major surge, but speculated there might be “a bit more upward movement” in the next week.
Bitcoin is currently valued at $115,585, still down 4.9% from the start of the dip and approximately 8.8% from the $126,080 recorded last Monday, according to CoinGecko data.
BitMine capitalized on the dip
Meanwhile, BitMine Immersion Technologies, the largest corporate Ether (ETH) treasury firm, acquired over 128,700 ETH valued at $480 million shortly after the crash, as per crypto analytics platform Lookonchain reported.
BitMine’s executive chairman, Tom Lee, remarked that the pullback in the stock market was “somewhat overdue” given that the market has risen approximately 36% since April’s lows.
“I believe this is a healthy correction,” Lee stated to CNBC, adding that any price decline without significant structural changes represents a “great buying opportunity.”
Strategy may have bought the dip too
Strategy executive chairman Michael Saylor hinted that his firm purchased during the dip, sharing a chart of Strategy’s Bitcoin holdings on X on Saturday with the caption: “Don’t Stop ₿elievin’”
Related: What caused some altcoins on Binance to crash to zero?
BitBo’s Bitcoin Treasuries data indicates that no other Bitcoin-holding company confirmed any purchases or sales over the weekend.
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