Bitcoin prices surged to $114,776.10, with Ethereum rising to $4,142.30, while XRP was priced at $2.54, according to recent CoinMarketCap data. Early trading on Monday saw major cryptocurrencies gaining ground, fueled by U.S. President Donald Trump’s remarks that eased tensions regarding the ongoing trade dispute with China.
In a notable increase, Bitcoin climbed 3% to reach $115,220.16. Ethereum saw an impressive 8.9% rise to its current price of $4,142.30, while XRP maintained its value at $2.54. Other notable gains included a 14% increase in BNB and a 7% rise in Solana.
These gains come on the heels of a significant sell-off that occurred last Friday, triggered by Trump’s announcement of a proposed 100% tariff on Chinese goods in retaliation for Beijing’s restrictions on rare earth exports. Market fluctuations reached a critical point, leading to the largest liquidation of leveraged positions in history, with over $19 billion wiped out in just 24 hours, according to Coinglass data.
In an attempt to mitigate the rising tensions, representatives from both the U.S. and China engaged in dialogue over the weekend. China’s Ministry of Commerce indicated a willingness to negotiate the rare earth export policies, while President Trump expressed optimism about resolving the dispute, stating, “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want depression for his country, and neither do I. The USA wants to help China, not hurt it!!!”
Retail sentiment appears to have turned bullish on platforms such as Stocktwits, where Bitcoin’s Sentiment Meter indicated positive feelings among users. One optimistic user suggested that Bitcoin could soon reach $140,000.
Despite challenges, spot Bitcoin exchange-traded funds (ETFs) experienced outflows of $4.5 million on Friday. However, they recorded inflows of nearly $6 billion for the month, driven by concerns surrounding the U.S. economy and anticipated easing of monetary policy. Investor Michael Van De Poppe tweeted, “We run it back turbo, the bull market is just as on fire as it was before the collapse.”
On the institutional side, data from Arkham Intelligence revealed that Marathon Digital Holdings, which already holds approximately 52,850 Bitcoins valued at over $6 billion, purchased an additional 400 Bitcoins worth about $45.9 million early Monday morning through FalconX. This move reflects a trend among crypto treasury companies to acquire more tokens during market corrections.
As the cryptocurrency market continues to navigate these turbulent waters, investors and analysts remain keen on potential recovery signals and market trends in the coming days.
