Bitcoin (BTC), Ethereum (ETH), and other major cryptocurries have seen slight rebound after a major rout during the weekened after US President Donald Trump imposed 100% tariffs on China. Last week’s sell-off was triggered less by fundamentals and more by a massive liquidation cascade, as Trump’s surprise tariff remarks on China sparked panic across risk assets.
With over $19 billion in leveraged positions wiped out, it was the largest deleveraging event in crypto history. However, the quick rebound after Trump’s softer tone shows that underlying confidence in digital assets remains intact. After plummeting to nearly $100,000, the Bitcoin price is attempting to stabilise. BTC is currently trading at $1,14,668.09, down 7.15% in the past 7 days, with its m-cap down to $2.28 trillion.
Meanwhile, the altcoins are displaying strength, with Ethereum sustaining above $4,000 and BNB above $1200. Besides, Solana experienced a strong recovery and is pushing hard to regain $200.
“In times when memecoins continue to experience upward pressure, some of the altcoins are thriving. The top gainers include Dash with over a 51% jump, followed by Bittensor by 35.15% and Mantle by 26%. Memcore & Artificial SuperIntelligence Alliance plunged marginally and are expected to recover soon,” a statement from CoinDCX Research Team stated.
Additionally, the total stablecoin supply has surged to an all-time high of $301.5 billion. “The US & China ease trade tensions with a willingness for negotiations, raising hope for a market rebound. In the meantime, the funding rate across crypto has hit its lowest point since the 2022 crash, marking one of the most severe leverage resets in history,” the statement said.
Experts say Bitcoin’s breakout past $1,14,000 and Ethereum’s 6% surge suggest that crypto markets are rapidly pricing in a thaw in US-China tensions. “What appeared as a violent liquidation event is now being recalibrated as a strategic pause, a moment where miscommunications and headline risk had exaggerated downside. The rebound underscores an important lesson: fundamentals, sentiment, and macro risk remain deeply intertwined in this space,” Avinash Shekhar, Co-Founder & CEO, Pi42.