Smaller, more volatile tokens also slipped, dragging the combined market value of all cryptocurrencies down by more than $150 billion over a 24-hour period, according to CoinGecko data. The slide came as China imposed curbs on the American units of Hanwha Ocean Co.

Cryptocurrency prices jumped Sunday as U.S. President Donald Trump sought to ease diplomatic tensions with Beijing, saying “it will all be fine” even as his administration moves toward a possible 100% tariff on Chinese imports.

The news has sparked a bounce across crypto, with bitcoin BTC $114,474.30 returning to just above $114,000, higher by about 3% over the past 24 hours. In the far more harder hit alt sector, the moves are more sizable, with ether ETH $4,147.99, solana SOL $199.10 and DOGE $0.2100 all ahead in the 6%-8% area.

Secondly, as larger institutions have developed and deployed crypto and other on-chain products and services, the risk tolerance of these newer investors may be lower than more veteran players, which might have compounded the sell-off.

Bitcoin rose 3.5% to $110,608.3 by 01:20 ET (05:20 GMT). The world’s largest crypto had fallen as low as $103,000 amid a recent escalation in U.S.-China trade tensions.

BTC tumbled 11% on Friday, while ETH, SOL and XRP crashed 15%-30% in a crypto flash crash as trade tensions escalate between the U.S. and China.

The crypto market is searching for a catalyst after the largest liquidation event in history. Fed Chair Powell’s dovish comments raise expectations of a rate

United States President Donald Trump confirms he will meet with China's President Xi Jinping in October, and crypto markets rally in response.