Financial markets gave a risk-on vibe early in East Asia time on Monday, based on reports that the next round of Trump tariffs scheduled for April 2 could be more measurable than initially expected.
According to Coindesk data, Bitcoin (BTC), the largest digital asset by market value, rose 2.7% to around $86,500, while Solana’s Sol Token Trady is trading at nearly $138.
Payment-focused XRP increased 2.5% to $2.44, trading above the 50-day Simple Moving Average (SMA) after two consecutive weeks of positive price action.
Futures tied to the S&P 500, Dow and Nasdaq rose more than 05% on the day, but Wall Street fear gauge VIX Index slid from 2.5% to 18.88 points. The Chinese market overturned early losses.
Feelings have improved as weekend media reports said President Donald Trump’s planned “mutual tariffs” could be more focused than the expected “mutual tariffs” on April 2nd were occasionally threatened.
Some countries are exempt, and existing collections of steel and other metals may not be cumulative, the Bloomberg report states.
Trump’s tariffs piqued market sentiment in February, lowering both stocks and crypto markets.
BTC fell nearly 17.6%, reaching a low of under $80,000. Last week, the Federal Reserve revised its inflation forecast high, possibly downgraded growth numbers due to Trump’s aggressive trade policy.
Another important factor to keep in mind in the coming days is the appearance of PCE reading, the Fed’s priority inflation gauge, and SEC candidate Paul Atkins and Senate Banking Committee currency candidate Jonathan Gould on March 27th in front of the Senate Banking Committee.
