Crypto Price Today: Bitcoin Reclaims $110K, ADA and DOGE Lead Recovery

Bitcoin rebounded to nearly $110,000 after 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.

ADA and DOGE Lead Crypto Bounce

Cardano (ADA) and Dogecoin (DOGE) led the crypto majors in recovery, each climbing around 3% in the last 24 hours. 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.

QCP Capital says markets are closely watching this Friday’s PCE data, which could shape the Fed’s next move. While oil prices are down, growing port congestion in Europe is spreading to Asia and the U.S., risking higher shipping costs and renewed inflation. Meanwhile, crypto sentiment is showing strength, unlike tech stocks, which remain cautious.

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Options Activity Signals Renewed Optimism

According to Singapore-based QCP Capital, 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.

QCP pointed to several factors behind this mid-term rally. He 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 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.

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