Crypto markets kicked off the week with a rebound after a bruising weekend of liquidations, with opportunistic traders who bought the dip amid trade war tensions reaping gains of between 7% and 14%. According to market intelligence provider Santiment, several altcoins, including Ethena (ENA), Bittensor (TAO), and Sui (SUI), bounced sharply after last week’s $19 billion market wipeout linked to renewed U. S.–China tariff 0 Stage a Quick Comeback as Traders Pounce on Discounts In an October 14 post, Santiment revealed that following last week’s historic downturn, Monday brought relief across mid-cap altcoins, with ENA rallying 14%, TAO climbing 13%, and SUI adding 7%.
The sharp drop came in the wake of 1 Donald Trump threatening new tariffs against China, which then triggered panic selling and cascading liquidations across the 2 some exchanges, Bitcoin dropped to as low as $101,000 from the $122,000 region, before clawing its way back to around $116,000. However, at the time of this writing, it had slipped to $111,000 per CoinGecko, a more than 10% difference from its level one week ago, although it appears to have provided a sufficient floor for the altcoins to recover . Bittensor’s TAO, trading at $443 at press time, has jumped more than 25% over the last seven days and 43% in two weeks, a strong bounce from its October 10 low of $282.
Meanwhile, ENA currently sits at $0.43 after retracing slightly from its intraday high of $0.47. Even so, it remains up by about 20% since Friday’s 3 its part, Sui, priced at $2.70, has struggled to hold its daily gains after losing 4.6% in the previous 24 hours, and across the month, the picture is even bleaker, with the asset dipping nearly 29% despite the bright start to the 4 Sentiment Turns Cautiously Optimistic Other assets that rose successfully from the weekend’s ashes include the Trump-linked World Liberty Financial’s WLFI token, which gained 8% and Near Protocol’s NEAR, which shot up 7%. Hyperliquid’s native HYPE token also jumped 7%, with the protocol hailed across Crypto Twitter for remaining fully operational during the liquidation 5 is down 5% in the last 24 hours to trade at $38.27.
Nonetheless, analysts believe it could add to its momentum following the recent activation of its HIP-3 6 update allows permissionless deployment of perpetual futures markets on-chain, potentially broadening on-chain derivatives 7 altcoin rebound comes as investors reassess market risks after last week’s 8 like Satoshi Flipper, posting on X, described the correction as a “monster discount” amid expectations that the Federal Reserve may introduce further rate cuts to offset global market jitters.
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