Bitcoin has made a remarkable recovery, climbing back to nearly $110,000 after experiencing a dip triggered by unexpected tariff threats from U.S. President Donald Trump on European goods. The cryptocurrency had briefly plummeted to $108,600, resulting in over $500 million in liquidations across various altcoins.

The swift rebound illustrates the resilience of Bitcoin and its standing as a leading digital asset amidst turbulence in traditional markets. As the uncertainty surrounding international trade eases, investors are reinvigorated. With Bitcoin’s recovery signaling confidence, many speculate that the momentum might continue.

Additionally, cryptocurrencies like Cardano (ADA) and Dogecoin (DOGE) are also witnessing positive traction. This resurgence signifies a strengthening of the market, as traders and investors alike re-evaluate their positions in light of improved conditions.