Bitcoin Surges as Market Cheers Trump’s Tariff Strategy

Bitcoin soared at the start of the week, rallying to $87,127.50 by 02:12 ET (06:12 GMT) on Monday, as investors welcomed reports that U.S. President Donald Trump may adopt a targeted, rather than broad, tariff approach starting April 2.

Key Factors Behind Bitcoin’s Rally

• Targeted Tariffs Over Industry-Wide Levies
  • A report from The Wall Street Journal suggests the U.S. may focus tariffs on specific countries with significant trade imbalances rather than imposing blanket tariffs.
  • The so-called “Dirty 15” countries, potentially including China, Japan, India, and Vietnam, could face selective trade measures.
• Market Confidence in Riskier Assets
  • Initial uncertainty over potential trade wars weighed on risk assets, but the measured approach boosted optimism, driving Bitcoin’s demand as an alternative asset.
  • Treasury Secretary Scott Bessent hinted at possible negotiations to ease tariffs, further improving sentiment.

Metaplanet Appoints Eric Trump to Advisory Board

Japanese Bitcoin investment firm Metaplanet Inc. (TYO:3350) has appointed Eric Trump, son of U.S. President Donald Trump, to its newly formed Strategic Board of Advisors.

• The Tokyo-listed firm, known as Japan’s leading Bitcoin Treasury Company, currently holds over 3,200 BTC, with plans to expand its reserves to 10,000 BTC by 2025.
• Eric Trump’s expertise in finance and branding is expected to help the company grow its global presence and drive Bitcoin adoption.

Crypto Market Rally: Altcoins Surge

Bitcoin’s rally lifted most major altcoins:

• Ethereum (ETH): +3.3% to $2,069.05
• XRP: +3.1% to $2.4652
• Solana (SOL): +6.2%
• Cardano (ADA): +2%
• Polygon (MATIC): +2.8%
• Dogecoin (DOGE): +3.5%
• $TRUMP Token: +9.4%

Market Outlook

With Bitcoin’s bullish momentum, investors are closely watching further trade policy developments and how they impact broader financial markets. If optimism continues, risk-on sentiment could push Bitcoin and altcoins even higher in the coming weeks.