After an extreme downturn that wiped out more than US$19 billion in positions within 24 hours, the crypto market has shown a rapid recovery. Bitcoin (BTC) briefly dropped to around US$109,000 but has since rebounded to the US$115,000 range, signaling a potential V-shaped recovery.
The sharp correction was triggered by political news from the United States, where President Trump announced a 100% tariff hike on Chinese tech products. This trade tension sparked panic across global markets, including crypto, which has long been sensitive to macroeconomic sentiment.
However, in a short period, Bitcoin managed to erase most of its losses. BTC now faces strong resistance between US$116,000–118,000, with potential upside toward US$120,000 if the bullish momentum continues.
Ethereum, XRP, and Dogecoin Also Recover
Not only Bitcoin, but several major altcoins have also seen significant gains.
- Ethereum (ETH) surged more than 11% in a single day.
- XRP, Solana (SOL), and Dogecoin (DOGE) recorded double-digit rebounds after the previous massive sell-off.
This recovery followed Trump’s more conciliatory remarks toward China, which eased investor concerns. Additionally, more than US$425 million in short positions were liquidated, triggering a “short squeeze” effect that accelerated price gains.
The “Fear & Greed” index also shifted rapidly, from “Extreme Fear” to “Fear”, reflecting a partial return of investor confidence after last week’s heavy pressure.
Altcoins Adopt Buyback Strategies to Stabilize Prices
Meanwhile, several altcoin projects have taken decisive steps to restore market confidence through buyback programs, including:
- World Liberty Financial (WLFI) allocated US$10 million to repurchase and burn its tokens.
- ASTER conducted a buyback of 100 million ASTER tokens from its own treasury wallet.
- Sonic Labs repurchased 30 million tokens (worth around US$6 million) from the open market.
These buyback and burn strategies aim to reduce the circulating supply and ease selling pressure after the major crash. The move also signals the projects’ confidence in the long-term value of their tokens.
However, the effectiveness of buybacks depends on each project’s credibility and financial strength. Investors should remain cautious toward altcoins that rely solely on symbolic actions without strong fundamentals.
Market Not Fully Safe, But Bullish Momentum Emerging
The swift rebound in Bitcoin and several altcoins indicates that selling pressure has eased and buying interest is gradually returning. Although global conditions remain uncertain, early signs of bullish momentum are appearing in the crypto market.
Bitcoin is now testing a key resistance zone around US$118,000. A successful breakout could open the path for further gains, while failure may trigger a consolidation phase.
Market volatility is expected to stay high, so investors are advised to maintain disciplined risk management and focus on assets with strong fundamentals.
Last week’s sharp correction tested the market’s resilience, but the quick recovery and buyback initiatives from several altcoin projects suggest that optimism persists. Bitcoin once again leads the potential recovery of the global crypto market.
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