According to @rovercrc, major cryptocurrencies including Bitcoin (BTC), Dogecoin (DOGE), XRP, and Solana (SOL) experienced a rally following comments from U.S. Treasury Secretary Scott Bessent hinting at new trade deals before the July 9 tariff deadline. The report notes that Bitcoin gained over 1%, briefly surpassing $109,000, while XRP and SOL each rose over 2%, and DOGE saw a 3% increase. Bessent stated in a CNN interview, cited by Reuters, that the administration expects to finalize several deals quickly to avoid the reimposition of higher tariffs announced on April 2. This news provided a bullish catalyst for the crypto market, which had previously seen a sharp decline, with BTC falling to $75,000, when the tariffs were first announced. However, Coinbase analysts noted that markets seem to have 'largely disregarded the potential economic risks' from the tariff situation, suggesting a degree of market complacency.

According to @justinsuntron, major cryptocurrencies including Bitcoin (BTC), Dogecoin (DOGE), and XRP experienced a rally following comments from U.S. Treasury Secretary Scott Bessent hinting at potential trade deals before the July 9 tariff deadline. Market data showed Bitcoin (BTC) gained over 1% to briefly top $109,000, while Dogecoin (DOGE) rose 3%, and XRP increased by over 2%. Bessent stated in a CNN interview that if deals are not finalized, higher tariffs announced on April 2 will take effect on August 1, a development that could impact market sentiment. In separate news, the DeFi protocol associated with Donald Trump, World Liberty Financial (WLF), is collaborating with Re7 Labs to launch a vault for its USD1 stablecoin on the Euler and Lista platforms. This initiative aims to scale the stablecoin's presence on the BNB Chain, enhancing dollar-pegged liquidity for both institutional and crypto-native traders.

According to KobeissiLetter, major cryptocurrencies including Bitcoin (BTC), XRP, and Dogecoin (DOGE) rallied on prospects of new U.S. trade deals before the July 9 tariff deadline. The analysis highlights comments from U.S. Treasury Secretary Scott Bessent, who stated that several trade deals are close to being finalized, which could avert the reinstatement of higher tariffs on August 1. This macroeconomic development is significant for traders, as the initial tariff announcement in April caused BTC to plummet to $75,000 before recovering above $100,000 during a 90-day pause. Current market data shows BTC trading around $108,104. In a contrasting development, markets remained largely unfazed by renewed tariff threats against Canada. Coinbase analysts suggest this complacency stems from a belief that the tariffs will not be as inflationary as previously feared. This sentiment is reflected in recent price action, with crypto stocks like Coinbase (COIN) and Circle (CRCL) falling 6% and 16% respectively, while major cryptocurrencies saw more muted movements.

According to @KobeissiLetter, major cryptocurrencies experienced a rally following comments from U.S. Treasury Secretary Scott Bessent suggesting trade deals could be finalized before the July 9 tariff deadline. Bitcoin (BTC) gained over 1%, surpassing $109,000, while XRP and Solana (SOL) each rose over 2%, and Dogecoin (DOGE) jumped 3%. Bessent stated that if deals are not reached by the deadline, tariffs announced on April 2 will be reinstated on August 1. This news follows a period of relative calm in the crypto markets, which had previously shrugged off renewed tariff threats against Canada. Analysts from Coinbase noted that markets have largely disregarded these economic risks because they have not yet been reflected in economic data, suggesting the complacency is likely to continue.

According to @KobeissiLetter, major cryptocurrencies, including Bitcoin (BTC), XRP, Solana (SOL), and Dogecoin (DOGE), experienced a price rally on Sunday. This surge is attributed to comments from U.S. Treasury Secretary Scott Bessent, who indicated that several trade deals are close to being finalized before the critical July 9 tariff deadline, as reported by Reuters. Bitcoin (BTC) gained over 1%, surpassing $109,000, with current data showing a price of $109,255.49. Payments-focused XRP and Solana's SOL token each rose over 2%, with XRP trading at $2.27, while Dogecoin (DOGE) saw a 3% increase. Ethereum (ETH) also climbed 1.5% to around $2,576. The report highlights that if negotiations fail by the July 9 deadline, higher tariffs will be reinstated on August 1. This positive market reaction contrasts with the initial market sell-off in April when the tariffs were first announced, causing BTC to drop to $75,000. Despite renewed tariff threats against Canada, markets remained relatively calm on Friday, with Coinbase analysts noting that the potential economic risks have been largely disregarded by investors so far.

According to Edward Dowd, the analysis of the impact of US trade tariffs reveals significant implications for cryptocurrency markets. Tariffs have created volatility that traders can exploit for potential gains, especially in Bitcoin and Ethereum trades, given their high liquidity and sensitivity to macroeconomic changes (source: Edward Dowd's Twitter analysis).