Close Menu
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
What's Hot

S&P Global expands its reach with hybrid crypto-ecosystem index

October 7, 2025

Is Bitcoin now a $57B volatility trade

October 7, 2025

Bitcoin Open Interest in Focus as Bulls Battle for $124,000

October 7, 2025
Facebook X (Twitter) Instagram
Tuesday, October 7 2025
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
Facebook X (Twitter) Instagram
StreamLineCrypto.comStreamLineCrypto.com
  • Home
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT
  • Defi
  • Blockchain
  • Metaverse
  • Regulations
  • Trading
StreamLineCrypto.comStreamLineCrypto.com

Bitcoin, Dogecoin, XRP Rise as Bessent Hints at Trade Deals Before Trump’s ‘Liberation Day’ Tariff Deadline

July 6, 2025Updated:July 6, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin, Dogecoin, XRP Rise as Bessent Hints at Trade Deals Before Trump’s ‘Liberation Day’ Tariff Deadline
Share
Facebook Twitter LinkedIn Pinterest Email
ad


Main cryptocurrencies rose Sunday morning because the U.S. Treasury Secretary Scott Bessent hinted at upcoming commerce offers earlier than the July 9 Liberation Day tariff deadline.

Bitcoin, the main cryptocurrency by market worth, gained over 1%, briefly topping $109,000. Funds-focused XRP and Solana’s SOL token gained over 2% every, with meme token dogecoin

rising 3%, based on information supply CoinDesk. Ethereum’s ether, the second-largest token, rose 1.5% to $2,550.

jwp-player-placeholder

In an interview with CNN, Bessent acknowledged that the U.S. is near finalizing a number of commerce offers forward of the July 9 deadline, when the non permanent pause in increased tariffs initially introduced on April 2 is ready to run out.

“President Trump’s going to be sending letters to a few of our buying and selling companions saying that should you do not transfer issues alongside, then on August 1, you’ll boomerang again to your April 2 tariff degree. So I feel we will see quite a lot of offers in a short time,” Bessent stated, per Reuters.

Bessent defined that July 9 stays the deadline for negotiations, failing which increased tariffs, introduced in early April, will take impact from Aug. 1.

“We’re saying that is when it is taking place. If you wish to pace issues up, have at it. If you wish to return to the previous price, that is your alternative,” Bessent instructed CNN, including that some international locations have been ‘foot-dragging’ on attending to offers.

Since taking workplace early this yr, President Donald Trump has been targeted on making the U.S. rich once more by imposing tariffs on items imported from different international locations, a coercive tactic aimed toward rebalancing commerce relations and decreasing the U.S. commerce deficit.

Trump introduced sweeping tariffs on April 2, beginning with a ten% base tax on all buying and selling companions and extra quantities on many international locations, with some ranging as excessive as 50%. The so-called Liberation Day announcement triggered a sell-off in monetary markets, with U.S. shares taking a big hit alongside a pointy decline in bitcoin, which fell to $75,000.

The panic seemingly prompted the Trump administration to announce a 90-day pause per week later.

Since then, the so-called U.S. exceptionalism has resurfaced in monetary markets, lifting main U.S. fairness indices to report highs. Each the S&P 500 and Nasdaq have outperformed their world friends, with BTC rallying to commerce above $100,000.





Source link

ad
Bessent Bitcoin day deadline Deals Dogecoin hints Liberation Rise tariff trade Trumps XRP
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Related Posts

S&P Global expands its reach with hybrid crypto-ecosystem index

October 7, 2025

Is Bitcoin now a $57B volatility trade

October 7, 2025

Bitcoin Open Interest in Focus as Bulls Battle for $124,000

October 7, 2025

SBR And Bitcoin Act Are Closer Than You Think

October 7, 2025
Add A Comment
Leave A Reply Cancel Reply

ad
What's New Here!
S&P Global expands its reach with hybrid crypto-ecosystem index
October 7, 2025
Is Bitcoin now a $57B volatility trade
October 7, 2025
Bitcoin Open Interest in Focus as Bulls Battle for $124,000
October 7, 2025
SBR And Bitcoin Act Are Closer Than You Think
October 7, 2025
Zcash price crashes 18% after vertical rally – is more downside ahead?
October 7, 2025
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms of Use
  • DMCA
© 2025 StreamlineCrypto.com - All Rights Reserved!

Type above and press Enter to search. Press Esc to cancel.