Trump announces at least $2,000 tariff dividends for Americans, triggering a surge in cryptocurrency prices
ChainCatcher reported that after U.S. President Trump announced plans to pay a tariff dividend of "at least" $2,000 to most Americans, cryptocurrency prices saw a moderate increase.
BTC rose about 1.75% in the past 24 hours, surpassing $103,000; ETH increased by approximately 3.32%, rising above $3,487. This uptick occurred after a generally weak week in the market, with the CoinDesk 20 Index also recovering from a nearly 15% weekly decline. However, experts pointed out that the payment plan requires Congressional approval to be implemented, and current tariff revenues are far below the funds needed for such payments.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
Crypto prices
More
