The crypto market bounced back over the weekend as it tried to recover from the woes due to President Donald Trump’s tariff escalations.

The total crypto market cap soared from $2.75 trillion on Apr. 19 to $2.84 trillion on Apr. 21, a modest surge of 1%.

However, the leading cryptocurrencies soared more than 3% within the last 24 hours.

Bitcoin soared 3.5% within 24 hours to trade at $87,161.95 at press time as per Kraken’s price feed. On Apr. 21, the world’s largest cryptocurrency finally managed to surpass the $87,100 price level that it hit on Apr. 2, dubbed “Liberation Day” by Trump, when he initiated the tariff hikes globally.

In fact, BTC is at its highest since March 28.

Ethereum soared 3.3% within 24 hours to trade at $1,627.72 at press time. The world’s second-largest cryptocurrency is yet to scale back to the Apr. 2 price level of $1,900.

XRP similarly soared 3.3% within 24 hours to trade at $2.12 at press time. Its current price level is the same as the “Liberation Day” level.

Meanwhile, gold’s price exceeded $3,400 and hit another record high this year, while the USD index (DXY) fell 1.11% to 98.27 on Apr. 21.

The USD index is a measure of the value of the U.S. dollar relative to a basket of foreign currencies. It's a benchmark to assess the overall strength or weakness of the dollar.

The Kobeissi Letter, a popular analyst of the global markets, highlighted on X (formerly Twitter) that the “narrative in both Gold and Bitcoin is aligning for the first time in years.”

"Gold and Bitcoin are telling us that a weaker US Dollar are more uncertainty are on the way," the analyst added.