The main altcoins also recovered after the Trump administration postponed the imposition of trade tariffs to August

Bitcoin (BTC) has shown strength in the market again this Monday (7), surpassing the $109,000 mark once more, after a weekend of decline. The appreciation occurs amid easing tensions in the global market, after the U.S. government, under Donald Trump's administration, postponed the imposition of new trade tariffs.

The price of Bitcoin rose about 1% in the last 24 hours, trading at $108,743 this morning. On Sunday, the largest cryptocurrency in the market had already closed the day at a historic weekly high of $109,443, compared to the drop to the $108,000 range during the previous week.

The new momentum comes after U.S. Treasury Secretary Scott Bessent announced that the tariffs previously announced in April will only take effect from August 1st. According to a CNBC report, the measure applies to countries that have not yet entered into trade agreements with the U.S., and Bessent warned that the rates could return to April levels if there is no progress in negotiations.

"The delay gives the market more time to absorb the impacts and adjust, and that is what we are seeing with the recovery," commented BTSE exchange's Chief Operating Officer, Jeff Mei, in a post on The Block.

It is worth noting that Trump stated on his social media platform Truth Social that he will impose an additional 10% tax on any country that aligns with BRICS – a group formed by eleven member countries, including Brazil – which he points out as an organization with anti-American policies. According to G1, there is still no information on which countries will be taxed.

Altcoins are also rising

The upward movement was not limited to Bitcoin. Other significant cryptocurrencies also recorded substantial gains during the same period.

Ethereum (ETH) rose 2% and is currently trading at $2,563 at the time of this publication, while XRP gained 2.2%, reaching $2.29, and Solana (SOL) rose to $152 after a 2.96% increase.

Among the main memecoins, BONK ($0.00002336) and DOGE ($0.17) stand out with increases of 8% and 4.3%, respectively.

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