Crypto snapped back on Monday as a diplomatic cool-down between Washington and Beijing helped erase part of Friday’s historic wipeout. Total crypto market cap jumped roughly 5%, with over $550 billion flowing back into digital assets after a panic sparked by talk of 100% U.S. tariffs on Chinese goods.
Bitcoin (BTC) reclaimed $115,000 (+3%), Ethereum (ETH) climbed to $4,142 (+8.2%), and XRP traded near $2.54. High-beta majors joined the rebound: BNB surged 14% and Solana (SOL) gained 7%.
Trade War Fears Ease as China Clarifies Export Rules and Trump Softens Tone
The bid returned as China’s Ministry of Commerce clarified its rare-earth export controls are legal but not a ban, with compliant civilian applications to be approved. President Donald Trump also struck a more conciliatory tone,