Cryptocurrency prices rose after US President Donald Trump said a direct tariff dividend of “at least” $2,000 would be paid to most Americans.
In an article for Truth Social, Trump said the United States was generating “trillions of dollars” in tariffs and that those funds would both reduce the country’s $37 trillion national debt and fund financial services.it dividends.
“A dividend of at least $2,000 per person (not including high income earners!) will be paid to everyone,” Trump wrote. This announcement contributed to the rise in cryptocurrency prices.
Bitcoin surged 1.93% in the last 24 hours to trade above $103,000. Ether rose 4.75% to exceed $3,500, while Solana gained 2.49% to exceed $160. The CoinDesk 20 Index (CD20) rose more than 1.5%.
The modest rally comes amid a broader weekly decline that saw the CD20 index plunge nearly 15% before beginning to recover. Bitcoin is still down 5.7% for the week, while ETH is down 7.5%.
Nonetheless, the reaction suggests that traders could price in the potential for increased consumer spending and inflows into the crypto market if and when these funds reach recipients.
