The total market cap of cryptocurrencies rose again past $4 trillion on Sunday, with Ethereum, BNB and Dogecoin posting double-digit gains following Friday’s market crash that wiped out nearly $500 billion in cryptocurrency value.
The three premium coins rose 10.5%, 13.6% and 12.5% over the last day, while Solana (Sol), Cardano (Ada) and Chainlink (connection) also rose more than 10%, CoinGecko Data He appears.
synthetics (Snacks(MNT) and pettensor (Tao) by more than 30%.
The market crash, which saw Bitcoin fall from around $121,560 to below $103,000, was triggered by statements by US President Donald Trump. 100% customs duties on China As part of an effort to impose restrictions on the export of rare earth minerals, which are essential for making computer chips.
The market turmoil has been exacerbated by Binance’s front-end Briefly view prices of $0 On many alternative currencies, in addition USDe – Artificial decoupling of the dollar On Binance due to an internal oracle issue.
The cryptocurrency market started to recover around the time of Trump He said “There is no need to worry about China,” he said, adding that she wanted to help China, not harm it.
Although prices have not fully recovered from Friday’s collapse, the recovery has many optimistic that Bitcoin (Bitcoin) could still reach $200,000 before the end of 2025.
This was said by cryptocurrency market analyst Mister Crypto Bitcoin is retesting the golden cross – A bullish technical pattern that has historically preceded rallies, including a 2,200% surge in 2017 and a 1,190% surge in 2020.
“The setup looks incredibly strong,” he wrote, adding that a confirmed breakout could “absolutely explode” Bitcoin’s price in the coming weeks.
Cryptocurrency trader Alex Becker He said there was a “very high possibility” that was him The beginning of a bull marketWhile January 3 founder Samson Mu added: “It’s time for the next step for Bitcoin.”
Another cryptocurrency analyst, “Mac”, He said Although the risk-to-reward system looks favourable, he does not expect a significant upside in the near term, but he predicted that “more upside volatility” could occur over the next week.
Bitcoin is currently trading at $115,585, still down 4.9% since the start of the decline and about 8.8% from its price of $126,080 last Monday, CoinGecko Data He appears.
BitMine benefited from the decline
Meanwhile, BitMine Immersion Technologies, the largest Ethereum company (Ethereum) Treasury Company, acquired more than 128,700 ETH worth $480 million shortly after the collapse, Cryptographic analytics Lookonchain platform male.
BitMine CEO Tom Lee, He said The stock market decline was “fairly overdue” given the market has risen about 36% since its April lows.
“I think this is a good flow,” Lee told CNBC, adding that any decline in prices without a real structural change is a “good buying opportunity.”
The strategy may have bought the dip as well
Chief Strategy Officer Michael Saylor Hint That his firm bought the dip, posted a chart of Strategy’s Bitcoin holdings to X on Saturday with the caption: “Don’t stop ₿elievin'”
Related to: Why did some altcoins on Binance crash to zero?
BitBo’s Bitcoin Treasuries Data It appears that no other company holding Bitcoin confirmed buying or selling Bitcoin over the weekend.
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