The total valuation of the cryptocurrency market surged back over $4 trillion as of Sunday, with Ether, BNB, and Dogecoin (DOGE) achieving notable gains following a market downturn on Friday that erased nearly $500 billion from crypto valuations.

The three significant currencies posted increases of 10.5%, 13.6%, and 12.5% in the last 24 hours. Alongside them, Solana (SOL), Cardano (ADA), and Chainlink (LINK) also experienced gains of over 10%, according to data from CoinGecko.

Synthetix (SNX) briefly soared over 100%, surpassing its pre-crash levels and reaching a new height for 2025. Other smaller-cap coins such as Mantle (MNT) and Bittensor (TAO) saw increases exceeding 30%.

Changes in the share prices of the top 10 cryptocurrencies over the last hour, day, and week. Source: CoinGecko

The market’s decline, initiated by US President Donald Trump proposing a 100% tariff on China as part of efforts to restrict exports of essential materials for manufacturing computer chips, triggered substantial losses. The situation worsened with facts emerging that Binance’s platform briefly displayed $0 prices for multiple altcoins and experienced issues with the USDe synthetic dollar.

Recovery commenced following Trump’s remarks stating that he wanted to assist rather than harm China.

While the market has not fully regained its losses from Friday, many remain optimistic about Bitcoin (BTC) potentially reaching $200,000 before the close of 2025.

Crypto market analyst Mister Crypto remarked that Bitcoin is currently undergoing a golden cross, a traditionally bullish technical indicator followed by significant uptrends in previous years.

“The setup looks incredibly strong,” he noted, suggesting that a confirmed breakout could lead to Bitcoin’s price skyrocketing soon.

Crypto trader Alex Becker predicted a high likelihood that this marks the onset of a bull market, whereas Samson Mow, founder of Jan3, stated, “It’s time for Bitcoin’s next leg up.” Another crypto analyst known as Mac predicted a favorable risk-to-reward situation but cautioned against expecting dramatic swings in the short term.

Bitcoin currently trades at $115,585, down 4.9% since the start of its decline and about 8.8% from the previous week’s highest point, according to CoinGecko.

BitMine Takes Advantage of the Market Drop

In the midst of the drop, BitMine Immersion Technologies, a premier corporate Ether treasury company, acquired over 128,700 ETH, valued at $480 million, shortly after the price downturn, as stated by crypto analytics platform Lookonchain.

Tom Lee, the executive chairman of BitMine, remarked that the downturn in the stock market was “overdue to an extent” given the market had been thriving 36% since April’s low points.

“I believe it’s a beneficial flush,” Lee explained, asserting that any price decrease without significant structural change represents a good buying opportunity.

Strategy Executive May Have Also Bought the Dip

Michael Saylor, the executive chairman of Strategy, hinted at a potential dip purchase. He shared a chart of his company’s Bitcoin holdings on X with the caption: “Don’t Stop ₿elievin’.”