Bitcoin, Ethereum, Dogecoin Rebound as Trump's Tariff Reprieve Fuels Risk-On Market Sentiment

Leading cryptocurrencies rebounded Monday as President Donald Trump's brief tariff reprieve fueled positive sentiment in risk-on markets.

Major cryptocurrencies experienced a rebound on Monday as President Donald Trump's decision to briefly pause tariffs fueled a positive sentiment in the risk-on markets.

Leading cryptocurrency Bitcoin surged past the $100,000 mark, a day after it dropped below $92,000. The cryptocurrency hit an intraday high of $102,500 before paring gains overnight.

Second-largest cryptocurrency Ethereum chalked out modest gains, but was yet to reclaim the pre-slump levels. Dogecoin rallied 15%, erasing significant losses from the Sunday decline.

What Happened: Cryptocurrency liquidations hit $1.56 billion over the last 24 hours, with longs accounting for over $1 billion.

If Bitcoin retraces to $95,000 again, over $1 billion in upside bets will be wiped out.

More than 55% of Bitcoin futures traders were short Bitcoin, according to the Long/Short Ratio, signaling a potential drop.

Meanwhile, Bitcoin's Open Interest rose 2.36% in the last 24 hours, suggesting a surge in speculative trading.

Market sentiment flipped from "Fear" to "Greed", according to the Crypto Fear & Greed Index.

Top Gainers (24-Hours)

The global cryptocurrency market capitalization stood at $3.35 trillion, rising 4.38% in the last 24 hours.

Stock futures climbed Monday night after Trump paused planned tariffs against Canada and Mexico. The Dow Jones Industrial Average Futures rose 151 points, or 0.34%, as of 7:48 p.m. EDT.

Earlier in the day, major averages closed in the red. The Dow Jones Industrial Average lost 122.75 points, or 0.28%, to close at 44,421.91. The S&P 500 slid 0.76%, ending at 5,994.57, while the tech-heavy Nasdaq Composite dipped 1.20% to close at 19,391.96.

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Analyst Notes: Popular cryptocurrency analyst and trader Rekt Capital noted Bitcoin's recovery to the $101,000 level.

"Now BTC needs to daily close above it and retest it successfully to reclaim it into support," the analyst remarked. "Until then – $101,000 needs to prove it is not a new resistance."

#BTC Bitcoin has successfully revisited the $101k level (black)

Now BTC needs to Daily Close above it and retest it successfully to reclaim it into support

A successful reclaim and BTC could continue to the blue diagonal above

Until then – $101k needs to prove it is not a new resistance pic.twitter.com/KloKLgqs9f

Another well-known analyst, Ali Martinez, spotted a potential head-and-shoulders pattern for Ethereum.

"ETH must hold above $2,700 to keep the bullish structure intact and have a chance of reaching $7,000," Martinez projected.

The inverse head and shoulders pattern is a bullish reversal pattern, indicating exhaustion of a prolonged downturn.

If this is a head-and-shoulders pattern, #Ethereum $ETH must hold above $2,700 to keep the bullish structure intact and have a chance of reaching $7,000! pic.twitter.com/nR6TDg2jA4

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