Major Cryptocurrencies Rebound on Positive Trade Developments
Bitcoin (BTC), Dogecoin (DOGE), XRP, and Solana (SOL) saw notable gains on Sunday as optimism grew around potential U.S. trade agreements ahead of the upcoming tariff deadline. The rally was driven by comments from U.S. Treasury Secretary hinting at imminent trade deals, calming investor fears of a renewed tariff shock.
Bitcoin briefly crossed the $109,000 mark, rising over 1% in the day’s session. Meanwhile, Dogecoin climbed 3%, with XRP and Solana each gaining over 2%. Ethereum followed closely, posting a 1.5% increase to trade around $2,550.
This rebound highlights how closely cryptocurrency markets are reacting to macroeconomic and geopolitical signals.
Tariff Deadline Looms as Negotiations Accelerate
The gains come just days ahead of the July 9 “Liberation Day” deadline, which marks the expiration of the temporary pause on U.S. tariffs. Initially implemented in April, these tariffs included a 10% base levy on all imports, with some nations facing duties as high as 50%.
If no deals are reached by July 9, tariffs are expected to be fully reinstated starting August 1—a move that previously triggered sharp volatility across financial and crypto markets.
Officials stated that letters will soon be sent to trading partners, warning of re-imposed tariffs if negotiations stall. This strong stance appears to have pressured counterparts into finalizing trade agreements sooner, injecting positive momentum across risk assets, including digital currencies.
Bitcoin Bounces Back From April Shock
Back in April, the original tariff announcement had caused Bitcoin to plunge to $75,000, amid widespread market panic. However, since the 90-day pause, BTC has recovered strongly, aligning with broader market optimism surrounding U.S. economic performance.
Now trading above $100,000, Bitcoin has regained investor confidence as geopolitical clarity returns.
Outlook: Crypto Markets Tied to Macro Policy
As trade negotiations continue, cryptocurrencies are likely to remain sensitive to macroeconomic headlines. Market participants are watching closely for final deal confirmations before the July 9 deadline.
The next few days will be crucial in determining whether crypto’s bullish momentum can sustain—or whether renewed tariffs could reverse recent gains.
Conclusion
Bitcoin and major altcoins are on the rise, buoyed by diplomatic progress and easing policy fears. With key negotiations still underway, investors remain cautiously optimistic. All eyes now turn to July 9, as the outcome may determine the next big move for global crypto markets.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss