Bitcoin Climbs Back Toward $110K After Trump Delays EU Tariff Decision, Crypto Markets Rally
Bitcoin (BTC) recovered to just under $110,000 on Monday following a tumultuous weekend marked by sharp declines triggered by U.S. President Donald Trump’s surprise tariff threat on European Union imports. The looming 50% tariffs initially sent shockwaves through crypto and traditional markets alike, but Trump’s announcement to postpone the tariff imposition until July 9 helped calm investor nerves.
This extension sparked a broad risk-on sentiment across global markets, pushing U.S. and European equity futures higher ahead of Monday’s open. Major cryptocurrencies such as Cardano (ADA) and Dogecoin (DOGE) led the charge, each surging about 3% in the last 24 hours.
The upbeat market mood also saw the U.S. dollar weaken to multi-month lows, easing pressure on risk assets, while gold and Treasury yields edged down as investors shifted away from safe havens.
Over the weekend, bitcoin had tumbled from above $111,000 to lows near $108,600, as fears over escalating trade tensions triggered over $500 million in liquidations in crypto futures linked to BTC, Ethereum (ETH), Cardano (ADA), Solana (SOL), and Dogecoin.
Despite this volatility, market watchers noted a shift in sentiment Monday morning. Jeff Mei, COO of BTSE, pointed out that while the weekend’s sell-off underscored crypto’s vulnerability to macro shocks, the tariff delay signals a path toward stability. “Traders are beginning to rebuild positions cautiously,” Mei said.
Options market data from QCP Capital in Singapore further confirmed growing optimism, with a notable uptick in demand for Bitcoin call options—particularly September $130,000 contracts. This momentum is supported by ongoing ETF inflows, regulatory progress in the U.S., and robust institutional demand, including Strategy’s recent $2.1 billion capital raise aimed at expanding Bitcoin holdings.
