Bitcoin Rebounds Near $110K as Trump Postpones EU Tariff Decision, Crypto Markets Show Resilience

Bitcoin (BTC) recovered to just under $110,000 on Monday following a volatile weekend sparked by U.S. President Donald Trump’s threat to impose steep tariffs on European Union imports. The sudden tariff announcement initially triggered a sharp sell-off, but markets stabilized after Trump extended the tariff deadline to July 9, easing immediate trade concerns.

This development boosted investor confidence across digital assets and traditional markets alike. U.S. and European futures climbed ahead of the week’s open, while leading altcoins Cardano (ADA) and Dogecoin (DOGE) rose up to 3%, spearheading gains among the top cryptocurrencies.

The broader risk-on sentiment was reflected in global markets as U.S. and European equities rose over 1%, the U.S. dollar weakened to multi-month lows, and demand for safe-haven assets like gold and government bonds slightly waned.

Bitcoin’s weekend sell-off saw prices plunge from above $111,000 to lows near $108,600 amid growing fears over escalating trade tensions. The crypto market suffered over $500 million in long liquidations, impacting futures tied to Bitcoin, Ethereum (ETH), Cardano, Solana (SOL), and Dogecoin.

Monday’s rebound, however, has traders cautiously optimistic. Jeff Mei, Chief Operating Officer at BTSE, remarked that while the weekend’s drop highlighted the crypto market’s vulnerability to macro shocks, the tariff extension signals that the worst may be behind us. “Market participants are beginning to accumulate positions again, albeit carefully,” he said.

Options data supports this view of renewed bullish sentiment. Singapore-based QCP Capital reported a surge in demand for Bitcoin call options, noting around 1,000 contracts for September $130,000 calls were recently purchased. The firm pointed to ongoing ETF inflows, regulatory progress in the U.S., and substantial institutional investment—including Strategy’s $2.1 billion capital raise—as foundations for a positive medium-term outlook.