Cryptocurrency prices advanced on Monday, with bitcoin reclaiming the $109,000 level after a weekend pullback and moving to within 2 percent of its record high set in May. The rebound followed a U.S. Treasury decision to delay the next round of tariffs until 1 August, easing worries about near-term trade disruptions that had weighed on risk sentiment. Dogecoin led the market higher, gaining about 6 percent in 24 hours, while ether and solana added roughly 2.5 percent and 3 percent respectively. Analysts said the rally reflects both relief over the tariff reprieve and growing speculation that a softer U.S. consumer-price reading next week could open the door to Federal Reserve rate cuts later this year. Trading desks also pointed to fresh retail enthusiasm after Elon Musk announced the creation of the America Party, a political group that he said will embrace bitcoin as ‘fiat is hopeless’. Combined spot-market flows show more than $50 billion added to crypto’s overall market value since Sunday night, with bitcoin logging its highest weekly close on record.