Bitcoin and Ethereum staged a strong rebound this week as fresh capital returned to crypto markets following the US–China tariff shock.

Bitcoin surged past $110,000 for the first time since early October, reaching roughly $111,000 as of press time, according to CryptoSlate data. The move marks a 4% daily gain and reverses some of the losses that followed President Donald Trump’s announcement of new tariffs on Chinese imports.

Ethereum also broke through the $4,000 barrier for the first time in weeks, up more than 4% to around $4,045, a level that traders view as technically significant.

Notably, other major digital assets joined the market momentume with their own rally.

According to CryptoSlate’s data, BNB, XRP, Solana, Dogecoin, Tron, and Cardano each climbed between 5% and 8%, signaling a broad-based resurgence rather than a Bitcoin-only bounce.

‘Buy the dip’

The current uplift can be linked to the current “buy the dip” sentiments pervading the market.

Notably, on-chain data tracked by blockchain analysis platform Lookonchain indicates that more than $6 billion in new Tether’s USDT and Circle’s USDC stablecoins have entered circulation since last week.

Stablecoin issuance often precedes renewed spot buying activities. In this case, capital appears to be rotating from cash sidelines into dollar-pegged tokens to fund token accumulation.

Meanwhile, the sentiment mirrors trends in traditional markets.

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Author: Oluwapelumi Adejumo