Based on Bijié Wǎng, on Sunday, speculation about market gains from a potential $2,000 'tariff dividend' for low-income Americans, announced by former President Donald Trump, drove a surge in the cryptocurrency market. However, Treasury Secretary Scott Bessent clarified that the dividend may be distributed through tax cuts rather than direct payments, noting such indirect measures typically have less market impact than stimulus checks. Bitcoin rose from $103,000 to over $106,500, a 4% gain in 24 hours, while XRP and UNI saw 8% to 25% gains before the rally stalled. The current market environment differs from the 2021 stimulus period, with higher inflation and interest rates potentially affecting how recipients use the funds.
Bitcoin Rises Amid Trump's Tariff Dividend Proposal, Bessent Clarifies Potential Tax Cuts
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