Bitcoin Hits New High Amidst Trump’s Tariff Dividend Proposal

Bitcoin surged to $106,500 following news of a potential $2,000 tariff dividend for U.S. households. The proposed payment boosted market sentiment and fueled altcoin gains as investors anticipate interest rate cuts and increased liquidity in the market. President Trump’s announcement sparked a flurry of activity in crypto protocols such as Starknet and Suilend, highlighting increased participation and deposit inflows. This rise coincides with growing expectations for interest rate reductions, which could further stimulate economic growth and attract new investment into the cryptocurrency market. Analysts believe that this fiscal strategy may impact short-term volatility in the crypto space, particularly as advancements like Starknet’s technology are likely to experience a surge in activity. Continued monitoring of the situation will be key to understanding the lasting effects of these developments.