{"id":113069,"date":"2025-03-24T11:42:00","date_gmt":"2025-03-24T07:42:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=113069"},"modified":"2025-03-24T11:50:00","modified_gmt":"2025-03-24T07:50:00","slug":"bitcoin-surges-as-market-cheers-trumps-tariff-strategy","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-surges-as-market-cheers-trumps-tariff-strategy\/03\/24\/market-updates\/","title":{"rendered":"Bitcoin Surges as Market Cheers Trump\u2019s Tariff Strategy"},"content":{"rendered":"\n

<\/h3>\n\n\n\n

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

Key Factors Behind Bitcoin\u2019s Rally<\/strong><\/h3>\n\n\n\n
    \n
  • Targeted Tariffs Over Industry-Wide Levies<\/strong>\n
      \n
    • A report from The Wall Street Journal<\/strong> suggests the U.S. may focus tariffs on specific countries with significant trade imbalances<\/strong> rather than imposing blanket tariffs.<\/li>\n\n\n\n
    • The so-called \u201cDirty 15\u201d countries<\/strong>, potentially including China, Japan, India, and Vietnam<\/strong>, could face selective trade measures.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
    • Market Confidence in Riskier Assets<\/strong>\n
        \n
      • Initial uncertainty<\/strong> over potential trade wars weighed on risk assets, but the measured approach boosted optimism<\/strong>, driving Bitcoin\u2019s demand<\/strong> as an alternative asset.<\/li>\n\n\n\n
      • Treasury Secretary Scott Bessent<\/strong> hinted at possible negotiations<\/strong> to ease tariffs, further improving sentiment.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n

        Metaplanet Appoints Eric Trump to Advisory Board<\/strong><\/h3>\n\n\n\n

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

          \n
        • The Tokyo-listed firm<\/strong>, known as Japan\u2019s leading Bitcoin Treasury Company<\/strong>, currently holds over 3,200 BTC<\/strong>, with plans to expand its reserves to 10,000 BTC by 2025<\/strong>.<\/li>\n\n\n\n
        • Eric Trump\u2019s expertise in finance and branding<\/strong> is expected to help the company grow its global presence and drive Bitcoin adoption<\/strong>.<\/li>\n<\/ul>\n\n\n\n

          Crypto Market Rally: Altcoins Surge<\/strong><\/h3>\n\n\n\n

          Bitcoin\u2019s rally lifted most major altcoins<\/strong>:<\/p>\n\n\n\n

            \n
          • Ethereum (ETH)<\/strong>: +3.3%<\/strong> to $2,069.05<\/strong><\/li>\n\n\n\n
          • XRP<\/strong>: +3.1%<\/strong> to $2.4652<\/strong><\/li>\n\n\n\n
          • Solana (SOL)<\/strong>: +6.2%<\/strong><\/li>\n\n\n\n
          • Cardano (ADA)<\/strong>: +2%<\/strong><\/li>\n\n\n\n
          • Polygon (MATIC)<\/strong>: +2.8%<\/strong><\/li>\n\n\n\n
          • Dogecoin (DOGE)<\/strong>: +3.5%<\/strong><\/li>\n\n\n\n
          • $TRUMP Token<\/strong>: +9.4%<\/strong><\/li>\n<\/ul>\n\n\n\n

            Market Outlook<\/strong><\/h3>\n\n\n\n

            With Bitcoin\u2019s bullish momentum<\/strong>, investors are closely watching further trade policy developments<\/strong> and how they impact broader financial markets. If optimism continues, risk-on sentiment could push Bitcoin and altcoins even higher<\/strong> in the coming weeks.<\/p>\n","protected":false},"excerpt":{"rendered":"

            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\u2019s Rally Targeted Tariffs Over Industry-Wide Levies A report from The Wall Street …<\/p>\n","protected":false},"author":9,"featured_media":105265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,39,36],"tags":[],"class_list":["post-113069","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-global-stock-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113069","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=113069"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113069\/revisions"}],"predecessor-version":[{"id":113070,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/113069\/revisions\/113070"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/105265"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=113069"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=113069"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=113069"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}