Bitcoin Climbs Back After Monday Slump, Ethereum Holds Strong at $2.6K

Bitcoin rebounded from a sharp dip below $108,000 on Monday evening, reclaiming its position above the key level. The cryptocurrency saw a significant surge after hitting record highs of nearly $112,000 last week thanks to supportive market sentiment and investor buying interest. However, the market witnessed some volatility this past Friday when US President Trump proposed tariffs against the EU, impacting prices. Despite a brief pullback, Bitcoin has since recovered most losses and stands at around $109,500 as of Monday evening. Meanwhile, Ethereum maintained its position at $2.6K, showing relative stability in a mixed market landscape.