Bitcoin rallies toward $110,000 as President Trump delays EU tariff decision, boosting market sentiment and sparking renewed bullish options activity.
Bitcoin (BTC) bounced back to just below $110,000 on Monday following a turbulent weekend sell-off sparked by U.S. President Donald Trump’s sudden threat to impose hefty tariffs on European Union imports.
The market’s mood improved after Trump postponed the planned 50% tariffs on EU goods to July 9, easing immediate trade tensions. This news lifted U.S. and European futures ahead of the week’s trading open, helping cryptocurrencies regain footing.
Among the top ten tokens, Cardano’s ADA and Dogecoin led the charge with gains of up to 3% in the past 24 hours. This upswing reflects broader risk-on sentiment across global markets: equity futures in the U.S. and Europe climbed over 1%, the dollar weakened to multi-month lows, and demand for traditional safe havens like gold and U.S. Treasuries eased slightly.
Over the weekend, Bitcoin tumbled from above $111,000 to lows near $108,600 as Trump’s tariff threat stirred fears of escalating trade conflicts. The sell-off triggered more than $500 million in long liquidations across the crypto space, hitting futures tied to Bitcoin, Ethereum (ETH), Cardano (ADA), Solana (SOL), and Dogecoin (DOGE) hard.
However, Monday brought a shift in sentiment. Jeff Mei, COO of BTSE, noted in a Telegram message that the weekend dip highlighted crypto’s sensitivity to macroeconomic shocks but added that the tariff delay signals the worst may be behind the market. “Traders are cautiously buying back in,” Mei said.
Supporting this cautious optimism, options market activity shows growing demand for bullish bets. Singapore-based QCP Capital reported a surge in purchases of the September $130,000 Bitcoin call options, with about 1,000 contracts changing hands.
QCP highlighted a “constructive medium-term outlook” fueled by steady ETF inflows, progress on U.S. regulatory fronts, and strong institutional appetite—including Strategy’s recent $2.1 billion capital raise aimed at expanding Bitcoin holdings.
