Bitcoin (BTC) rebounded to nearly $110,000 on Monday, recovering from a weekend slump triggered by U.S. President Donald Trump’s surprise tariff threats on European goods.

The threat had briefly dragged BTC down to $108,600 and triggered over $500 million in long liquidations across major cryptocurrencies. However, Trump’s decision to push the tariff deadline to July 9 helped calm nerves, sending U.S. and European index futures higher and reviving risk appetite.

By 07:00 ET (11:00 GMT), Bitcoin rose 2.4% in the last 24 hours to $109,700. Among the major altcoins, Cardano (ADA) and Dogecoin (DOGE) led the recovery, each climbing around 3%.

The broader crypto market followed suit, buoyed by gains in global equities and a dip in demand for traditional safe havens like gold and U.S. Treasuries.

The weekend drop revealed how sensitive crypto remains to macro headlines, but also highlighted the resilience of trader sentiment. BTSE COO Jeff Mei noted that the quick rebound suggests traders believe “the worst is over” and are beginning to accumulate again.

Top-Tier PCE Data In Focus

According to QCP Capital, markets will be closely watching this Friday’s PCE data, which could shape the Federal Reserve’s next move.

While oil prices dipped, growing port congestion in Europe is now spreading to Asia and the U.S., potentially leading to higher shipping costs and renewed inflationary pressure.

Finally, crypto sentiment showed strength despite the recent market downturn, in stark contrast to the caution among tech stocks.

Options Activity Shows Potential For Further BTC Gains

Singapore-based crypto hedge fund QCP Capital also noted that the options market is flashing signs of a bullish turn. The firm reported that 1,000 contracts for the September $130K BTC call were picked up, signaling a growing appetite for topside exposure.

This mid-term rally is being driven by several factors, according to QCP. They highlighted consistent ETF inflows, improving regulatory clarity in the U.S., and fresh institutional demand.

One standout is Strategy’s recent $2.1 billion fundraise, which is specifically aimed at more Bitcoin accumulation.

While the crypto market remains vulnerable to global policy shocks, Bitcoin’s sharp recovery suggests underlying strength. With traders re-entering and institutions doubling down, the weekend wobble may just be a setup for the next leg higher.