Cryptocurrency Prices Surge After U.S. Tariff Dividend Announcement

Following President Trump’s announcement of a plan to distribute a $2,000 tariff dividend to most Americans, cryptocurrency prices experienced a moderate upward trend. Bitcoin (BTC) rose by approximately 1.75% in the past 24 hours, reaching $103,000, while Ethereum (ETH) increased by about 3.32%, exceeding $3,487. This positive movement comes after a generally sluggish week for the cryptocurrency market, with the CoinDesk 20 Index recovering from a nearly 15% weekly decline. However, experts highlight that the payment plan requires congressional approval and current tariff revenues fall short of funds needed for the proposed payments.