Bitcoin, XRP, and SOL Prices Increase as U.S. Equity Futures Rise
Financial markets showed increased risk appetite early Monday in East Asia due to reports regarding the upcoming Trump tariffs. Key points include:
- Bitcoin traded at approximately $86,500, up 2.7% within 24 hours.
- Solana's token rose nearly 6% to $138.
- XRP increased by 2.5% to $2.44, remaining above its 50-day simple moving average.
- S&P 500, Dow, and Nasdaq futures rose over 0.5%, while the VIX index dropped 2.5% to 18.88 points.
- Reports indicate Trump's tariffs may be more targeted than previously expected, with some countries exempt and existing levies potentially not cumulative.
- Previous tariff threats negatively impacted market sentiment, contributing to a nearly 17.6% drop in Bitcoin last month.
- Upcoming events include Friday's PCE reading and Senate hearings for SEC and Comptroller nominees on March 27.