Bitcoin Rises as Trump Tariff Concerns Ease, Ether Shows Gains

2 min

Risk assets, including cryptocurrencies, showed positive movement amid reports that President Trump's upcoming tariffs may be less severe than originally anticipated. Key points include:

  • The Federal Reserve maintained forecasts for two interest-rate cuts while addressing inflation concerns related to tariffs.
  • Bitcoin (BTC) rose over 1% to $87,300; Ethereum (ETH) increased by 4% to $2,090, with its supply on centralized exchanges at a low since November 2015.
  • Mantle Network's MNT token surged 6%, with significant purchases linked to Trump.
  • Tokenized real-world assets reached over $10 billion in total value locked, with Maker, BlackRock's BUIDL, and Ethena's USDtb each exceeding $1 billion.
  • DWF Labs announced a $250 million fund focused on mid-sized and large-cap crypto projects.
  • Coinbase is reportedly in talks to acquire Deribit, a leading cryptocurrency options exchange.
  • dYdX initiated a buyback program allocating 25% of net protocol fees starting today.

Upcoming events include the U.S. personal consumption expenditure report due Friday and Senate hearings on SEC nominations on March 27. Noteworthy token activities involve:

  • Berachain expanding its Proof of Liquidity mechanism.
  • CleanSpark joining the S&P SmallCap 600 index.
  • Ethereum’s Hoodi testnet activating the Pascal hard fork on March 26.
  • Multiple token unlocks scheduled for March 31 and April 1.

Market movements: BTC is down 3.39% from Friday, while ETH is up 5.81%. Bitcoin dominance stands at 61.55%. Overall, risk sentiment appears to be improving, potentially benefiting various tokens.

Chart insights show the total value of crypto assets locked in tokenized real-world assets surpassing $10 billion, indicating potential growth in this sector.