Bitcoin (BTC) rebounded to just under $110,000 on Monday after a turbulent weekend sell-off triggered by U.S. President Donald Trump’s abrupt tariff threats on the European Union (EU).
After the tariff announcement, a temporary easing in trade tensions contributed to a recovery in digital assets. Trump extended the deadline for the proposed 50% tariffs on European imports to July 9, with U.S. and European index futures moving higher ahead of the weekly open.
Among major altcoins, Cardano (ADA) and Dogecoin (DOGE) outperformed, gaining up to 3% over the past 24 hours, leading the bounce in top-ten cryptocurrencies. The uptick reflects broader optimism across global risk assets following the easing of trade tensions.
Over $500 million in long liquidations occurred during the weekend sell-off, but market sentiment improved with options data showing renewed bullish positioning. Analysts highlight a medium-term uptrend supported by ETF inflows and institutional demand.
As of 12:51 PM IST, Bitcoin rose 2.1% to $109,993, while Ethereum gained 3.6% to $2,588. The global cryptocurrency market cap climbed 2% to $3.46 trillion.
The recent recovery in Bitcoin's price underscores the market's resilience amid geopolitical uncertainties and highlights the growing influence of institutional investors and regulatory developments on cryptocurrency valuations.
