The market has begun to rebound

BTSE Exchange Chief Operating Officer Jeff Mei stated that traders were previously concerned about volatility before the July 9 tariff deadline.

However, "after news that countries will have more time to negotiate before the tariffs take effect in early August, the market seems to be rebounding," he told Cointelegraph, adding, "If we see good data on Tuesday, the market is very likely to continue rebounding."

Data from CoinGecko shows that after a relatively stable weekend, the total capitalization of the cryptocurrency market increased by more than $50 billion in the past 24 hours.