Bitcoin News Today: Trump's Reassurance Drove $4T Crypto Recovery as ETH, BNB, DOGE Surge

The total cryptocurrency market capitalization rebounded to $4 trillion on October 12, 2025, driven by significant gains in Ether (ETH), BNB, and Dogecoin (DOGE), according to CoinGecko data. These blue-chip assets surged by 10.5%, 13.6%, and 12.5%, respectively, over the preceding 24 hours, reversing losses from a prior crash triggered by U.S. President Donald Trump's announcement of 100% tariffs on China. The recovery followed Trump's reassurance that the U.S. aimed to "help China, not hurt it," alleviating market fears .

The market turmoil had initially wiped $500 billion in value, with Bitcoin (BTC) plummeting to $102,000 on decentralized exchanges like Hyperliquid. However, BTC rebounded to $115,585 by October 12, still down 4.9% from its pre-crash level. Institutional players, including BitMine Immersion Technologies and Michael Saylor's Strategy, capitalized on the dip, purchasing $480 million in ETH and signaling confidence in Bitcoin's long-term trajectory. Saylor shared a chart of Strategy's Bitcoin holdings on social media, captioning it "Don't Stop ₿elievin'" .

Technical indicators also pointed to potential bullish momentum. Mister Crypto, a crypto analyst, highlighted that Bitcoin was retesting the golden cross-a pattern historically linked to major rallies, such as the 2,200% surge in 2017. Meanwhile, DOGE's price surged past key resistance levels, fueled by anticipation around the Rex-Osprey DOJE ETF and whale accumulation, including a $263 million purchase of 1 billion DOGE tokens over three days .

BNB reached a new all-time high of $909, driven by institutional adoption and technical breakouts, while Solana (SOL) hit a 7-month peak. The altcoin season index rose to 66, reflecting renewed speculative interest, though analysts cautioned against over-leveraging. The market's Fear & Greed Index dropped to 27 (Fear) amid the crash but began climbing as liquidity stabilized .

The crash exposed vulnerabilities in leveraged trading. CoinGlass data revealed $19.13 billion in liquidations, with Hyperliquid accounting for $10.28 billion. However, post-crash inflows into ETFs and corporate treasuries, such as BitMine's ETH purchase, suggested renewed institutional confidence. Analysts like Arthur Hayes of BitMEX argued that Bitcoin's bull cycle remained intact, citing global liquidity expansion and coordinated monetary easing from the U.S. and China .

Sources:

[1] ETH, BNB, DOGE Lead Crypto Market Recovery - Cointelegraph (https://cointelegraph.com/news/eth-bnb-doge-surge-crypto-recovers-flash-crash)

[3] Crypto Market Update: Why is SOL, BNB, DOGE Price Soaring High Today? - Coingape (https://coingape.com/trending/crypto-market-update-why-is-sol-bnb-doge-price-soaring-high-today/)

[12] Bitcoin Price Plunges as Trump's China Tariffs Shock Markets - The Market Periodical (https://themarketperiodical.com/2025/10/11/bitcoin-price-plunges-as-trumps-china-tariffs-shock-markets/)