Bitcoin, Dogecoin, XRP Rise as Bessent Hints at Trade Deals Before Trump’s ‘Liberation Day’ Tariff Deadline

The main cryptocurrencies rose on Sunday morning when US Finance Minister Scott Bessnt indicated the upcoming trade agreements before the deadline for liberation on July 9.

Bitcoin, the front cryptocurrency according to the market value, gained over 1%, shortly to the top of $ 109,000. XRP and Sol Token focused on payments and Solana won for 2%, with meme token dogecoin

It grows 3%, according to Coindesk data source. Ethereum’s Ether, the second largest token, increased by 1.5% to $ 2,550.

In an interview with CNN, Bessnt said The fact that the US is approaching several commercial agreements before July 9, when a temporary pause in higher tariffs originally announced on April 2 will be expired.

“President Trump will send letters to some of our business partners who say that if you don’t look up, then 1 August you will be Moomerang back to the level 2. on the Reuters agency.

Bessent explained that 9 July remains a deadline for negotiations and fails that higher tariffs announced in early April will come into force from 1 August.

“We say it is when it is happening. If you want to speed up things, you have it. If you want to return to the old rate, it is your choice,” said Bessnt CNN, adding that some countries are “pulling legs”.

Since joining at the beginning of this year, President Donald Trump has focused on re -imposing tariffs on goods imported from other countries, coercive tactics aimed at restoring business relations and reducing the US business deficit.

Trump announced extensive tariffs on April 2, starting with 10% of basic taxes of all business partners and additional amounts in many countries, some of which are up to 50%. The so -called notice of liberation was caused by a sale on the financial markets, with US shares significantly hit along a sharp decline in bitcoins that dropped to $ 75,000.

Panic probably made Trump’s administration to announce a 90 -day break a week later.

Since then, the so -called. American uniqueness has appeared In the financial markets of lifting the main capital indices in the US to record maximum. Both S&P 500 and Nasdaq overcame its global peers, and the BTC gathered to trade over $ 100,000.