$ETH was trading above $2,600, while $DOGE was trading around 24 cents. $XRP , BNB (BNB Chain), ADA (Cardano), and SOL (Solana) gained between 3% and 5%.
Despite rising prices for major altcoins, cryptocurrency traders are beginning to feel the weight of macroeconomic markets and are warning against short-term profit-taking. The strengthening dollar and renewed trade tensions are dampening momentum, even as Bitcoin nears record highs.
"The dollar's appreciation following the tariff announcements naturally weighed on cryptocurrencies," Alex Kuptsikevich, chief market analyst at FxPro, explained in an email to CoinDesk. "This is especially true as Bitcoin is near its all-time highs, reinforcing the appeal of short-term profit-taking after rallying in just over a month."
As global markets shift from protectionism to cautious optimism, Bitcoin remains in limbo. For some traders, the asset is once again caught between two contradictory narratives.
"Bitcoin remains torn between its identity as 'digital gold' and its function as a risk proxy," traders at Singapore-based QCP Capital said during a market broadcast. "This tension continues to cloud its directional conviction. As the macro narrative shifts from protectionism to renewed trade optimism, Bitcoin could remain range-bound."
Sentiment remains strong, however. The widely followed Fear and Greed Index has held steady above 70 for four consecutive days—a level of greed typically associated with sustained short-term bullish appetite.
"Bitcoin showed its unpredictability on Monday," added Kuptsikevich. "But with this positivity continuing, it's worth paying attention to price dynamics around $105."
