Bitcoin Surges Back Over $110K Post-Weekend Dip; ADA and DOGE Propel Gains in Leading Cryptocurrencies

Bitcoin Recovers Near $110K After Trump Postpones EU Tariffs, Crypto Market Gains Momentum

Bitcoin (BTC) bounced back toward the $110,000 mark on Monday following a volatile weekend triggered by President Donald Trump’s sudden announcement of hefty tariffs on European imports. The market initially reacted with a sharp sell-off, but optimism returned as Trump delayed implementing the tariffs until July 9, easing immediate trade concerns.

This reprieve lifted risk sentiment broadly, with U.S. and European stock futures climbing ahead of the new trading week. Top cryptocurrencies like Cardano (ADA) and Dogecoin (DOGE) led the recovery, each gaining roughly 3% over the past day.

The easing of geopolitical tension weighed on the U.S. dollar, which slipped to its lowest level in months, while demand for traditional safe havens such as gold and government bonds declined.

Bitcoin had dropped from above $111,000 to about $108,600 during the tariff scare, causing over $500 million in liquidation of long positions across crypto futures markets involving BTC, Ethereum (ETH), ADA, Solana (SOL), and DOGE.

Still, market analysts are cautiously optimistic. Jeff Mei, COO of BTSE, commented that the weekend’s dip highlighted crypto’s sensitivity to global macro events but that the tariff delay suggests a stabilizing outlook. “Investors are starting to accumulate positions again, though carefully,” he said.

Supporting this view, Singapore’s QCP Capital reported increased buying activity in Bitcoin options, particularly for September calls at $130,000 strike price, signaling renewed bullish sentiment. This is bolstered by continuous inflows into Bitcoin ETFs, positive regulatory signals from the U.S., and significant institutional interest, including Strategy’s recent $2.1 billion fundraise to expand BTC holdings.