The total crypto market cap exceeded $4 trillion after a recent crash wiped out $500 billion. Ether, BNB, and Dogecoin surged double digits, while Solana, Cardano, and Chainlink rose over 10%. Smaller coins like Synthetix, Mantle, and Bittensor jumped, signaling a market recovery.
The market crash was triggered by Trump’s 100% tariff on China, causing Bitcoin to drop below $103,000. Binance showed $0 prices on altcoins, and the USDe synthetic dollar depegged due to an oracle issue. The market started to bounce back when Trump reassured not to worry about China.
Crypto analysts predict Bitcoin could reach $200,000 by 2025, citing a potential golden cross retest. Mister Crypto anticipates a significant breakout, while others believe this marks the start of a bull market. Bitcoin is currently trading at $115,585, down from its recent high but showing signs of recovery.
BitMine Immersion Technologies bought over 128,700 ETH worth $480 million after the crash, while Strategy may have also bought the dip. BitBo’s Bitcoin Treasuries data shows no other company confirmed a purchase or sale. Analysts remain optimistic about the market’s potential for growth, despite recent volatility.
Read more at Cointelegraph: ETH, BNB, DOGE Lead Crypto Market Recovery
