The cryptocurrency market is back in bullish territory as Bitcoin (BTC) bounced back above the $110,000 level following a weekend correction. The rebound came as traders found renewed optimism after U.S. President Donald Trump delayed a decision on EU tariffs, sparking a broader shift in risk sentiment.
Bitcoin surged past $110,000 late Sunday, reclaiming ground lost in a sharp weekend pullback.
Market Sentiment Shifts on Geopolitical Developments
Global market sentiment improved significantly after news broke that Trump would postpone the imposition of additional tariffs on the European Union, calming investor nerves across both traditional and digital assets.
Bullish options positioning has returned to pre-sell-off levels, according to data from Glassnode, suggesting confidence in a continued uptrend.
This delay in tariff decisions was seen as a “temporary green light” by traders, reigniting short-term bullish momentum.
ADA and DOGE Outperform Among Top Crypto Majors
While Bitcoin recovered its psychological $110K support, altcoins stole the spotlight. Cardano (ADA) posted a 6.7% gain, outperforming most large-cap cryptocurrencies, followed by Dogecoin (DOGE) with a 5.2% increase.
ADA and DOGE have emerged as market leaders, signaling renewed interest in high-beta assets.
Technical analysts pointed to ADA’s successful bounce off its 50-day moving average as a sign of continued strength.
Technical Outlook: Is Another Rally on the Way?
Chartists now eye $114,500 as the next key resistance level for Bitcoin. A breakout above that could reignite institutional buying and pave the way for a new bullish leg toward $120,000.
“Momentum indicators are flashing green,” noted QCP Capital in a Monday note, “and we expect increased volatility as macro headlines continue to drive sentiment.”
On-chain data also shows a decline in BTC exchange reserves, suggesting traders are moving coins to cold storage in anticipation of higher prices.
Macro and Options Data Favor the Bulls
The options market reflected the positive sentiment, with call option volume exceeding puts for the first time in two weeks. At the same time, Bitcoin open interest climbed 4%, highlighting fresh inflows into the derivatives market.
Bitcoin’s swift recovery and the leadership from ADA and DOGE suggest the market is preparing for a strong upside move, barring any unexpected macro shocks.
