#BinanceAlphaAlert Crypto Markets Show Tepid Recovery as Tariff Jitters Ease
Bitcoin (BTC) dipped just 1% over the past 24 hours, while XRP and Dogecoin (DOGE) fell by 2.5% each — a mild pullback that reflects a lukewarm recovery rather than a strong rebound.
The broader market had been rattled late last week after U.S. President Donald Trump floated a plan to hike tariffs on European imports to 50%, up from the earlier proposed 20%. That shock triggered a weekend downturn.
BTC’s modest bounce followed news that Trump would delay the new EU tariffs until July 9, citing a “constructive call” with European Commission President Ursula von der Leyen. The move helped soothe nerves across risk markets.
“Bitcoin’s rebound came after Trump decided to delay imposing new EU tariffs, which had initially sparked a market downturn over the weekend,” said Jeffrey Ding, chief analyst at HashKey Group, via Telegram. He added, “Traders see these macroeconomic events as a welcome stability boost, encouraging a risk-on sentiment — especially with MicroStrategy’s Michael Saylor hinting at more BTC buys.”
Still, Singapore-based QCP Capital issued a cautionary note Monday, calling the tariff scare a stark reminder of how fast policy shifts can rattle markets.
Meanwhile, the BTC July-to-June implied volatility spread — a measure of how traders expect price swings in the coming months — has narrowed sharply. After spiking above 2 vols last week, it's now under 1, suggesting markets are bracing for more potential surprises as the July 9 deadline approaches.
