ETH, BNB, DOGE Lead Crypto Market Recovery

The crypto market's total capitalization surged back over $4 trillion, led by Ether (ETH), Binance Coin (BNB), and Dogecoin (DOGE), which posted notable gains following a significant market crash that saw nearly $500 billion wiped out. In the aftermath of the crash, ETH, BNB, and DOGE rose by 10.5%, 13.6%, and 12.5%, respectively, while altcoins like Solana and Cardano also saw gains of over 10%. The initial crash was precipitated by U.S. President Donald Trump's proposed export restrictions on rare earth minerals vital for computer chips, alongside problems at Binance affecting altcoin trading. Despite the recovery, Bitcoin remains down from its pre-crash price, currently trading at $115,585. Analysts are optimistic about a continued upward trend, citing strong technical patterns potentially leading to significant price increases in the coming weeks. Major investors like BitMine have capitalized on the dip, acquiring substantial ETH holdings, while other firms, including Strategy, have also indicated recent purchases, underscoring confidence in the market's rebound.

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