Most major cryptocurrencies have recovered from the sharp losses they suffered over the weekend, after US President Donald Trump tried to quell concerns about trade relations with China. Bitcoin traded over $ 115,000 in Singapore on Monday morning, after falling below $ 105,000 in the United States on Friday. Smaller currencies also regained some of their profits, as “Ether” returned to about $ 4,200 after falling to less than $ 3,500. The profits coincided with statements issued by Trump and his Vice President JD Vance on Sunday, expressing openness to an agreement with China that illuminated the tensions between the two countries. The markets were witnessing a $ 19 billion record of crypto assets, and a sharp drop in prices, after Trump announced the imposition of strict new rates on China on Friday. Used positions, automatic sales and poor liquidity during volatile trading times worldwide have also contributed to increasing losses. “The refusal is powered by a conciliatory message from Trump,” said Richard Galvin, co-founder of the hedge fund DACM. He added that most Altcoins, who are smaller currencies, are still trading under their levels recorded on October 9, and explain that ‘news risks, as is the case during 2025, remain high, and that the market remains vulnerable to any new escalation in the trade dispute or for any other sudden risks. ” Widespread consequences and fear of new falls the impact of the sale wave to a wide range, as the ‘Athena USDE’ currency, the third largest stable currency in the market, lost its short pen to the dollar, while the ‘Binance’ platform, the largest digital asset exchange, was witnessed by temporary techniques. According to data from the Coinglass website, the positions of more than 1.6 million traders were liquidated. The companies operating in the sector entered their new week amid whom the biggest losses were carried, at a time when there was no evidence, which has a major collapse, which is a constant concern in the cryptocurrency markets after previous collapses, such as the bankruptcy of the FTX platform, which caused a successive range. Improvement in the pricing of the bundles -data data indicated that funding rates, which are the interests that optimistic traders pay in exchange for the use of leverage in derivative contracts, to their lowest levels since the collapse of FTX in 2022, in one of the “the largest leverage corrections in the history of the cryptocurrency -Market”. This correction in options markets “will provide a more stable basis for prices in the medium term,” Galvin said. Bitcoin recorded a record level of $ 126,251 on October 6 and has been higher by 23% since the beginning of the year, with great support from Trump’s pro-cryptocurrency policy in the United States.
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