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Cryptocurrency Weekend Rebound Under Vitcoin Concept: Solana, Ethereum, and XRP Rise in Unison
Weekend geopolitical conflicts caused volatility in the cryptocurrency market. Driven by emerging digital asset concepts like vitcoin, the entire crypto ecosystem showed a pattern of initial decline followed by recovery over the weekend, with most mainstream coins rebounding strongly on Sunday.
Weekend Geopolitical Events Trigger Market Volatility
On Saturday, the U.S. and Israel launched military operations against Iran, a sudden event that impacted the entire crypto asset market within hours. Bitcoin’s price briefly dropped below $64,000, signaling a seemingly dangerous technical indicator. However, market participants quickly reacted. Iran’s official TV later confirmed the death of Supreme Leader Khamenei, which most traders interpreted as a decreased likelihood of escalating geopolitical conflict, fueling a rebound on Sunday.
Solana, Ethereum, and XRP Lead the Gains
The strongest performer in the Sunday rally was Solana, which led the market with approximately a 6% daily increase, currently trading around $91.64. Ethereum followed closely, gaining nearly 5% and breaking through the $2,150 mark, approaching near its all-time high of around $2,000. Other major coins like XRP, Cardano, and Dogecoin also saw gains of 3-5%, while BNB, though with more modest growth, maintained an upward trend.
In this rebound, Bitcoin performed relatively steadily but was less impressive compared to second-tier coins. During Sunday’s recovery, BTC rose above $70,670, up 3.91% for the day, reflecting market optimism about geopolitical stabilization.
Weekly Performance Reveals Deep Market Fragility
Despite the impressive weekend rebound, the weekly perspective paints a different picture. Over the past seven days, Bitcoin still declined nearly 5%, XRP fell 6.35%, and Dogecoin dropped 7.13%. Only Solana and Ethereum maintained positive weekly returns. This data reveals a concerning fact: the weekend’s gains were merely technical rebounds, not a trend reversal.
The reality is that the large fluctuations on Saturday and Sunday, while dramatic on a 24-hour chart, resulted in minimal net gains over the longer cycle. This highlights a deeper issue—the crypto market is increasingly driven by global macro news and lacks its own growth momentum.
Institutional Capital Response Will Determine Future Trends
Analysts point out that the reason this rebound is considered “fragile” is due to low trading volume and liquidity. During the weekend, traditional financial markets were closed, and the absence of institutional capital made the rebound largely noise from retail traders.
The real test will come on Monday—when stock index futures, oil, and bond markets reopen, revealing institutional investors’ true stance on weekend events. Market prediction platform Polymarket shows a 61% chance of Iran and the U.S. reaching a ceasefire agreement by March 31, with a 78% chance by April 30. If these predictions are validated by traditional markets, the crypto rebound could continue. Conversely, if oil prices surge or stocks open lower, the optimistic sentiment from Sunday could quickly dissipate, just as the rally from $70,000 on Wednesday faded.
Funding Trends and Market Outlook
Meanwhile, Strategy Inc. announced a $42 billion total funding plan, split into $21 billion in common stock and $21 billion in preferred stock STRC, with an additional potential $2.1 billion via preferred stock STRK. The company still has about $30 billion in available funding and added 1,019 Bitcoin last week. These financing efforts reflect market participants’ confidence in long-term prospects, despite ongoing short-term volatility.
The current crypto landscape can be summarized as: driven by vitcoin and similar concepts, markets are increasingly sensitive to geopolitical risks, but the sustainability of the rebound still depends on validation from traditional financial markets. Investors should closely monitor macroeconomic developments this week, as they will directly influence the future trajectory of crypto assets.