Quick Breakdown
- Global crypto market cap surpasses $4T after Friday’s crash.
- Ether, BNB, and Dogecoin surge over 10% in 24 hours.
- BitMine buys $480M in ETH as institutions “buy the dip.”
The total cryptocurrency market capitalization has climbed back above $4 trillion, staging a sharp recovery after a sudden crash that erased nearly $500 billion in value. Major altcoins including Ether (ETH), BNB, and Dogecoin (DOGE) posted double-digit gains on Sunday as traders regained confidence across the digital asset market.
Ether and BNB drive market-Wide rebound
According to CoinGecko data, Ether surged 10.5% to $4,187, BNB jumped 13.6% to $1,336, and Dogecoin gained 12.5% to $0.21 within 24 hours. Other top performers such as Solana (SOL), Cardano (ADA), and Chainlink (LINK) also rose more than 10%, signaling renewed market strength after a volatile week.
In the mid-cap category, Synthetix (SNX) briefly spiked over 100%, surpassing its pre-crash levels and setting a new 2025 high, while Mantle (MNT) and Bittensor (TAO) recorded gains of over 30%.
The rebound follows a steep sell-off triggered by U.S. President Donald Trump’s 100% tariff on Chinese exports, targeting rare earth minerals vital for chip manufacturing. Bitcoin had plunged from $121,560 to below $103,000, dragging the broader crypto market down with it.
However, prices began stabilizing after Trump commented that the U.S. “wants to help China, not hurt it,” easing investor fears of prolonged trade tensions.
Bitcoin stabilizes as institutions buy the dip
Bitcoin has since recovered to $115,585, though still down 4.9% from the start of the dip and 8.8% from its weekly high of $126,080. Institutional buyers quickly took advantage of the downturn — BitMine Immersion Technologies, the world’s largest corporate Ether holder, purchased 128,700 ETH worth nearly $480 million, according to Lookonchain.
BitMine executive chairman Tom Lee described the correction as “a good flush,” telling CNBC that the stock and crypto markets had “run hot” and that such pullbacks present “good buying opportunities” when fundamentals remain unchanged.
Meanwhile, Arthur Hayes, co-founder of BitMEX, and Fundstrat’s Tom Lee reiterated their bullish outlook, projecting that Bitcoin could reach $250,000 as institutional adoption accelerates and digital asset infrastructure matures globally.
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