Bitcoin and Ethereum Recover After Major Crypto Crash
Bitcoin and Ethereum showed strong recovery over the weekend. This followed what analysts called the largest single-day drop in crypto history. The rebound came after U.S. President Donald Trump made reassuring comments about China. His remarks helped ease global market fears.
Late Friday, a sudden crash wiped $19 billion from the crypto market. Trump’s comments on Truth Social over the weekend helped reverse the panic. He wrote, “The U.S.A. wants to help China, not hurt it!!! President DJT.”
The timing of Trump’s statement was notable. His market-moving remarks often come after Wall Street closes. This leaves 24/7 crypto traders to absorb the initial impact. Bitcoin climbed back to $114,359, up 5% in 24 hours. Ethereum rose over 20% from its Friday low, reaching $4,100, according to CoinMarketCap.
Major altcoins also gained. Solana rose 10%, BNB 15%, and Dogecoin 11%. Total crypto market capitalization surged back above $3.90 trillion.
Crypto Reacts First to Global Uncertainty
Crypto markets operate nonstop and react quickly to global events. Traders like Brett believe Trump’s comments were a strategic move to calm fears before traditional markets open on Monday. Analysts expect equities to start the week mostly unaffected. Meanwhile, crypto has already absorbed the shock.
Everyone Friday night “that dump had nothing to do with Trump”
Everyone today “see! Trump fixed it. Time to pump”— ₿rett (@brett_eth)
Betting markets also show easing tensions. Polymarket traders now see a 17% chance of a 100% tariff on China by November 1. This is down from 37% before Trump’s statement.
Political Statements Continue to Influence Crypto
Market sentiment is improving rapidly. Some analysts suggest Trump’s weekend shock-and-soothe pattern may be deliberate. Whether intentional or not, this episode highlights how politics influence crypto’s volatility. Trump’s words continue to shape weekend moves, with Bitcoin and Ethereum leading the recovery.
