Crypto Markets Today: Altcoins Lead Gains as Trump’s Dividend Plan Sparks Retail Rally
Bitcoin rebounded above $100K, while altcoins surged on optimism regarding President Trump's proposed $2,000 tariff dividend potentially boosting retail liquidity.Summary
The crypto market experienced an upside reversal, with Bitcoin rebounding to around $106,000 after two weeks of losses, while altcoins significantly outperformed. This rally is largely attributed to optimism surrounding President Trump's proposed $2,000 tariff dividend for U.S. citizens, which is expected to inject retail liquidity. Tokens favored by retail investors, such as XRP, XLM, and HBAR, saw double-digit gains, causing Bitcoin dominance to slip to 59.1%. The total value locked (TVL) in DeFi protocols also rose to $142.8 billion, suggesting increased investor confidence and deposits for yield generation. Despite the spot price rally, derivatives data showed mixed signals, with some indicators suggesting net selling in futures markets, raising questions about the sustainability of the gains.
(Source：CoinDesk)