Investor sentiment has begun to improve across the crypto market – Bitcoin rose from lows of $111,400 on Sunday to highs of $115,800 by the early hours of Monday. Could this signal the start of the next upward move?
Bitcoin took a huge blow on Friday when Donald Trump threatened new 100% tariffs on China, triggering the largest single-day crypto liquidation event in history. Trump’s move was retaliation for what was perceived as China’s implementation of stricter controls on rare-earth minerals.
However, the US President’s tone changed fast, and it now appears that the two sides will reach a trade agreement, echoing a similar pattern seen in previous cases where Trump announced levies on Chinese imports.
As the market begins to rebound, the trending Bitcoin Layer 2 blockchain, Bitcoin Hyper, has shown incredible strength in its ongoing presale, surpassing the $23.5 million milestone raised. Could this be the best crypto to buy to capitalize on the recovery?
An $83B Misunderstanding
Trump’s heavy-handed diplomatic approach helped fuel an $83 billion loss incurred by crypto traders last week. On October 7, the crypto market’s open interest reached a record $233 billion, but by Sunday, it had fallen to $150 billion, erasing $83 billion in leveraged positions, per Coinglass data.
It all started when Trump wrote on Truth Social, “China has taken an extraordinarily aggressive position on Trade,” adding that the nation plans to “impose large-scale Export Controls on virtually every product they make.”
Trump responded that “the United States of America will impose a Tariff of 100% on China, over and above any Tariff that they are currently paying.”
However, his rhetoric quickly softened – on Sunday, he wrote, “Don’t worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn’t want Depression for his country, and neither do I.”
According to The Kobeissi Letter, the entire tariff crash “may have just been one big misunderstanding between Trump and Xi.” The analyst added, “The 100% tariff announcement by Trump was a bargaining chip.”
It posted this shortly before Trump’s second post, where he clarified his warming position, which was the confirmation the market needed to start rallying again. Bitcoin has gained 3.6% in the last 24 hours, while the total cryptocurrency market cap has increased by roughly $500 billion since its Friday lows.
Fresh Bitcoin Highs Incoming?
With $83 billion in leveraged positions wiped from the crypto market and Bitcoin now trading just 8.7% below its $126,000 all-time high (ATH), the market-leading asset may actually be in a healthier position than before Trump’s initial 100% tariff announcement.
That’s because excess leverage has been cleared out, restoring funding rates to more sustainable levels. Additionally, analyst BitBull noted that Bitcoin’s trendline support stayed intact, indicating it remains in an uptrend and may be heading toward new highs.
$BTC weekly trendline hasn't broken yet.
As long as Bitcoin doesn't close below this trendline, the bull run isn't over. pic.twitter.com/sZeNWwpvXT
— BitBull (@AkaBull_) October 12, 2025
But as Bitcoin shows signs of strength, its new Layer 2 blockchain, Bitcoin Hyper, is also breaking out, with its presale soaring toward the $23.5 million raised mark.
Expert Backs Bitcoin Hyper for 100x Gains
Bitcoin Hyper directly tackles Bitcoin’s main issues by offering higher speeds, lower fees, and smart contract support. Its Layer 2 is built using the Solana Virtual Machine, providing Solana-level speeds and enabling developers to port Solana apps to the network without wrappers or learning a new programming language.
The project also regularly reports its state back to Bitcoin’s Layer 1 using ZK-rollups, marking the first time this has been done within the Bitcoin ecosystem. By anchoring its state to Bitcoin, the L2 inherits the L1’s immutability and neutrality – marking a huge leap toward a truly secure and scalable Bitcoin alternative.
Top crypto analyst Umar Khan recently covered HYPER on the 99Bitcoins YouTube channel (700K subscribers) and suggested it has 100x potential once listed on exchanges. Khan highlighted the rapid growth of the presale, saying, “They just continue to outperform the market.”
With over $23 million raised in the presale, Bitcoin Hyper ranks among the strongest-performing ICOs today.
This presale momentum clearly reflects investor interest, and combined with its innovative use case, suggests that HYPER might just have the ingredients for real long-term success.
Visit Bitcoin Hyper Presale
Disclaimer: This media platform provides the content of this article on an "as-is" basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.
