Hassan Maishera
TL;DR
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Bitcoin and the broader crypto market are starting the new week on a positive note, with most coins and tokens up by 3% or more.
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The rally comes after President Trump said a direct tariff dividend of “at least” $2,000 will be paid out to most Americans.
Bitcoin Reclaims $106k, Altcoins Rally Higher
The cryptocurrency market is having a positive start to the week following its recent slump. Bitcoin, the leading cryptocurrency by market cap, is trading above $106k after dropping below $100k last week.
The coin added 4% over the last 24 hours and could rally towards the $110k psychological level if the bullish recovery continues. The positive performance comes after U.S. President Donald Trump said a direct tariff dividend of “at least” $2,000 will be paid out to most Americans.
While announcing this via Truth Social, Trump said the United States is generating “trillions of dollars” in tariffs and said the funds would both reduce the country’s $37 trillion national debt and finance the dividend.
With Bitcoin reclaiming $106k, altcoins have also recorded excellent gains over the last 24 hours. Ether, the leading altcoin by market cap, is up nearly 6% and is now trading above $3,600.
XRP is approaching the $2.5 mark after outperforming the other major cryptocurrencies, with Binance’s BNB still trading above $1k per coin. Thanks to the recent rally, the total cryptocurrency market cap now stands above $3.5 trillion.
