ETH, BNB and DOGE mark an explosive recovery and revive the crypto market

The crypto market is recovering after last Friday’s flash crash. Ethereum, BNB and Dogecoin propelled this spectacular rebound, while companies like BitMine seized the opportunity to strengthen their positions. Can bitcoin still aim for 200,000 dollars this year?

The crypto market recovers after a sharp drop

On Sunday, the crypto market returned to 4 trillion dollars capitalization. This recovery comes after the violent crash on Friday that evaporated nearly 500 billion dollars in a few hours. Ethereum, BNB and Dogecoin led the charge with impressive double-digit gains.

Bitcoin fell from 121,560 dollars to less than 103,000 dollars on Friday. The cause? Donald Trump’s announcement of 100% tariffs against China, along with restrictions on rare earth exports. These minerals are essential for manufacturing computer chips, which caused panic in the markets.

The situation worsened with technical malfunctions. Binance temporarily displayed zero-dollar prices for several altcoins. The USDe stablecoin also experienced valuation issues due to an oracle problem. These incidents amplified the already significant volatility.

The turnaround began when Trump stated “not to worry about China.” The U.S. president added he wanted to help the country rather than harm it. This statement was enough to calm fears and restart buying. Solana, Cardano and Chainlink also rose by more than 10%. Synthetix even briefly exploded by 100%, setting a new annual high.

Institutional investors take advantage of the opportunity

BitMine Immersion Technologies did not miss its chance. The largest Ethereum treasury company acquired 128,700 ETH for 480 million dollars just after the crash. Tom Lee, executive chairman of BitMine, views this correction as “expected” after a 36% rise since April.

“I think it’s a good flush,” Lee told CNBC. According to him, any drop without structural change represents “a good buying opportunity.” This accumulation philosophy during downturns aligns with long-term investors’ strategy.

Michael Saylor, Strategy’s chairman, also hinted that his company bought during the dip. He posted on X Saturday a chart of Strategy’s Bitcoin holdings with the message: “Don’t stop getting back up.” However, no other company holding Bitcoin confirmed operations over the weekend.

Crypto analysts remain optimistic. Mister Crypto notes that bitcoin is testing again the “golden cross,” a bullish technical indicator. Historically, this signal preceded major rallies, including a 2200% rise in 2017. Alex Becker talks about a “very high probability” of being at the start of a bull market. Samson Mow, founder of Jan3, states that “it is time for bitcoin to move to the next stage of its rise.”

Bitcoin is currently trading around 115,000 dollars, still down 8.8% from its peak of 126,080 dollars reached last Monday. Despite this volatility, appetite for cryptocurrencies remains intact and expectations of a race toward 200,000 dollars before the end of 2025 fuel investors’ hopes.