After a weekend crash that wiped out around $20 billion in positions, major cryptocurrencies rebounded. Bitcoin rose 4.5% to $115,459, Ethereum gained 11.3% to $4,161, BNB added nearly 1% to $1,304, and XRP jumped 10% to $2.56.

On Sunday, US President Donald Trump made conciliatory comments toward China, saying he respected President Xi Jinping and wanted to “help, not hurt” Beijing. His words calmed investors worried about a new trade war following the announcement of additional 100% tariffs on Chinese goods.

The crash was driven by mass liquidations and low liquidity on exchanges like Binance, OKX, and Bybit, with Bitcoin dropping below $110,000 and Ethereum plunging more than 20%. Greg Magadini, director of derivatives at Amberdata, warned that the main risk now lies in a potential harsh response from China, which could hit the global economy and risk assets.

Trump’s comments have temporarily stabilized the market, though analysts caution that volatility and uncertainty remain high, with investors increasingly turning to safe-haven assets amid fears of another trade conflict.