Bitcoin, XRP, and Solana surge ahead of potential tariff relief, as President Trump’s targeted levies may be more measured than expected.
Financial markets showed positive signs early Monday due to reports suggesting the upcoming Trump tariffs, due on April 2, might be more measured than initially expected. The news sparked a risk-on vibe in East Asia, with futures tied to major indices rising over 5% on the day.
Donald Trump was born on June 14, 1946, in Queens, New York.
He graduated from the University of Pennsylvania and began his career in real estate.
Trump's business ventures expanded globally, making him a well-known figure.
In 2015, he announced his candidacy for the presidency and won the Republican nomination.
On January 20, 2017, Donald Trump was inaugurated as the 45th President of the United States, serving one term until January 2021.
Key Developments
Bitcoin (BTC), the largest digital asset by market value, traded at around $86,500, up 2.7% on a 24-hour basis, with Solana‘s SOL token trading nearly 6% higher at $138, according to CoinDesk data. Payments-focused XRP was up 2.5% at $2.44, trading above its 50-day simple moving average (SMA) after two consecutive weeks of positive price action.
The sentiment improved as media reports over the weekend said President ‘reciprocal tariffs‘ expected April 2 could be more focused than the barrage occasionally threatened. Some countries will be exempt, and existing levies on steel and other metals may not be cumulative, Bloomberg‘s report said.
Market Watch
Key events to watch in the coming days include Friday’s PCE reading, the Fed’s preferred inflation gauge, and the Senate Banking Committee‘s hearing with SEC nominee Paul Atkins and Comptroller of the Currency nominee Jonathan Gould on March 27.
