Bitcoin, Ether Rise as Trump Announces ‘At Least’ $2K Tariff Dividend
Summary
Cryptocurrency prices, including Bitcoin and Ether, experienced a modest rally following an announcement by U.S. President Donald Trump regarding a direct tariff dividend of at least $2,000 for most Americans. Trump stated on Truth Social that the dividend would be financed by the "trillions of dollars" generated from tariffs, which would also help reduce the national debt of $37 trillion. Following the announcement, Bitcoin climbed above $103,000, Ether surpassed $3,500, and Solana topped $160. This upward movement followed a broader weekly slump where the CoinDesk 20 (CD20) index had fallen nearly 15%. The market reaction suggests traders may be anticipating potential increases in consumer spending or inflation if these dividend payments materialize.
(Source:CoinDesk)