$BTC recovered to $109,909 on Monday after a weekend slump caused by U.S. President Trump’s tariff threats on EU goods and iPhones. The drop saw BTC touch $108,600, wiping over $500M in crypto long positions.
Market sentiment shifted positively as Trump postponed the 50% EU tariff decision to July 9, boosting U.S. and EU equity futures by over 1%. The U.S. dollar weakened, while safe havens like gold and Treasuries saw mild pullbacks.
Top performers:
Cardano (ADA) and Dogecoin (DOGE) surged up to 3%, leading gains among the top 10 tokens.
ETH and $SOL also began recovering.
Investor sentiment turning bullish again:
Options data shows renewed interest in upside BTC exposure.
QCP Capital reported heavy buying of 130K BTC September calls.
Positive signs include ETF inflows, U.S. regulatory clarity, and Strategy’s $2.1B raise for Bitcoin accumulation.
