Cryptocurrencies rose during Monday’s trading, as investors turned to riskier assets amid easing trade tensions between the United States and Europe.
Bitcoin increased by 1.9% to $109,762.12 at 12:06 p.m. Mecca time, nearing its all-time high recorded last week.
Meanwhile, Ethereum rose by 1.95% to $2,572.61, Ripple gained 1.55% to $2.3452, Dogecoin climbed 3.45% to 22.73 cents, and the “Trump” coin rose 2.75% to $12.87.
Bitcoin prices had fallen at the end of last week from record levels above $111,000 due to escalating trade tensions following President Donald Trump’s recommendation to impose a 50% tariff on the European Union at the beginning of June.
However, after Trump announced yesterday the extension of the deadline to apply the 50% tariff on the EU until July 9 instead of early June, demand for risk assets surged