Bitcoin Recovers to $110K After Weekend Decline, with ADA and DOGE Leading the Charge in Market Gains

Bitcoin Nears $110K as Trump Delays EU Tariffs, Sparking Renewed Optimism in Crypto Markets

Bitcoin (BTC) bounced back to just below $110,000 on Monday following a volatile weekend marked by President Donald Trump’s sudden threat of steep tariffs on European Union imports. The tariff announcement initially spooked markets, triggering a sell-off, but Trump’s decision to push back the tariff deadline to July 9 helped ease tensions and stabilize asset prices.

The pause in tariff implementation sparked a relief rally across digital currencies and traditional financial markets. Futures for U.S. and European equities climbed ahead of the trading week, while Cardano (ADA) and Dogecoin (DOGE) led gains among major cryptocurrencies, each rising up to 3%.

This broader risk-on mood coincided with a weakening U.S. dollar hitting multi-month lows and a slight pullback in demand for traditional safe havens such as gold and U.S. Treasury bonds.

Bitcoin’s sharp decline over the weekend—from highs above $111,000 to lows near $108,600—was accompanied by significant long liquidations, wiping out over $500 million across crypto futures linked to Bitcoin, Ethereum (ETH), Cardano, Solana (SOL), and Dogecoin.

Despite the sharp sell-off, market sentiment improved early Monday. Jeff Mei, COO of BTSE, observed that while the swift drop highlighted crypto’s sensitivity to macroeconomic shocks, the extension of the tariff deadline signals a possible turning point. “Investors are showing signs of cautious accumulation,” Mei noted.

Supporting this optimism, options market data from Singapore-based QCP Capital revealed strong buying interest in Bitcoin call options, with around 1,000 contracts for September $130,000 calls recently traded. The firm pointed to continued ETF inflows, progress on regulatory fronts in the U.S., and large-scale institutional investment—including Strategy’s $2.1 billion fundraising effort—as positive drivers for Bitcoin’s medium-term outlook.