The crypto market rallied after U.S. President Trump postponed the proposed 50% tariff on EU imports to July 9, calming investor nerves.
Bitcoin Recovers
$BTC bounced 2% to reclaim $110K, reversing losses from last week’s $111,970 high. Its market cap stands at $1.92T with $29B in daily volume.
Altcoins Follow
$ETH Ethereum ($1,845), Solana ($150.70), $DOGE coin ($0.18), and Cardano ($0.71) gained 3–4%, fueled by easing macro fears.
Sentiment Flips
The delay triggered a relief rally after $500M in liquidations last week. Traders are cautiously buying, anticipating upside potential.
Short Squeeze Setup?
Heavy short positions between $111K–$121K could spark a squeeze if BTC climbs further, analysts warn.
With tensions paused, crypto is on the move again but uncertainty still lingers.
