Bitcoin News Today: Trump's Tariffs Trigger $500B Crypto Crash, Rebound to $4T as Firms Buy the Dip

The total crypto market capitalization surged past $4 trillion on Sunday, driven by double-digit gains in Ether (ETH), BNB, and Dogecoin (DOGE) following a weekend crash that erased nearly $500 billion in value. According to CoinGecko data, ETH, BNB, and DOGE rose 10.5%, 13.6%, and 12.5% respectively over the past 24 hours, while Solana (SOL), Cardano (ADA), and Chainlink (LINK) also posted over 10% gains ETH, BNB, DOGE Lead Crypto Market Recovery - Cointelegraph^[1]. The rebound followed a sharp sell-off triggered by U.S. President Donald Trump's announcement of a 100% tariff on Chinese imports and export restrictions on rare earth minerals, critical for semiconductor production Crypto Plunges 10%, Liquidations Hit 19B On Trump’s China Tariffs^[5].

The market turmoil intensified when Binance's platform briefly displayed $0 prices for several altcoins, and the USDe stablecoin depegged due to an oracle error. However, recovery began after Trump reassured markets by stating the U.S. aims to "help China, not hurt it" ETH, BNB, DOGE Lead Crypto Market Recovery - Cointelegraph^[1]. Despite the rebound, Bitcoin (BTC) remains 4.9% below its pre-crash level, trading at $115,585, while ETH and DOGE have yet to fully recover ETH, BNB, DOGE lead as crypto market cap rebounds to $4T^[2].

Corporate entities capitalized on the dip. BitMine Immersion Technologies, the largest corporate ETH treasury holder, purchased 128,700 ETH ($480 million) post-crash, with executive chairman Tom Lee calling it a "good buying opportunity" ETH, BNB, DOGE Lead Crypto Market Recovery - Cointelegraph^[1]. Similarly, MicroStrategy's Michael Saylor hinted at his company's Bitcoin accumulation via a social media post, though no other Bitcoin-holding firms confirmed purchases ETH, BNB, DOGE lead as crypto market cap rebounds to $4T^[2].

Analysts remain cautiously optimistic. Mister Crypto noted BTC is retesting a "golden cross" pattern historically linked to major rallies, such as the 2,200% surge in 2017. Meanwhile, trader Alex Becker suggested a "very high chance" of a bull market, while Mac, another analyst, anticipated "upward chop" in the short term ETH, BNB, DOGE Lead Crypto Market Recovery - Cointelegraph^[1]. The ETH/BTC ratio has also risen, reflecting growing institutional interest in Ethereum ETH, ADA, DOGE, XRP Price News: Lead Market^[3].

The crash, which saw BTC fall from $121,560 to below $103,000, resulted in $19 billion in liquidations, the largest in crypto history, according to CoinGlass . S&P 500 and Nasdaq indices also dropped over 2%, signaling broad risk-off sentiment .