Bitcoin’s worth skilled one other uptick up to now few hours because the asset tapped $104,000 for the third time up to now week.
This one got here after a fairly attention-grabbing promise by US President Donald Trump, who stated that many Individuals, except for high-income folks, would get a dividend of no less than $2,000 per individual.
BREAKING: President Trump proclaims that he might be paying a “tariff dividend” of no less than $2,000 per individual.
Stimulus checks are formally again. pic.twitter.com/Dt4UgHVMrT
— The Kobeissi Letter (@KobeissiLetter) November 9, 2025
Trump’s promise got here after he defended the tariffs towards quite a few nations that he imposed throughout his present presidential run. The US Supreme Court docket is at the moment listening to arguments on whether or not these tariffs are even authorized, whereas a number of specialists have spoken towards them.
These dividends of no less than $2,000 reminded of comparable ‘free cash checks’ that many Individuals acquired – the stimulus despatched through the first days of the COVID-19 pandemic. On the time, when numerous companies needed to shut briefly and other people have been left with out jobs, the US authorities started sending checks of $1,200 to folks.
The ever-vigilant and vocal crypto neighborhood began to invest whether or not these funds have been used to buy crypto, and lots of altcoins exploded shortly after, which intensified the rumors.
Apparently, BTC’s worth, alongside most altcoins, spiked up to now few hours after Trump made his bulletins, which introduced comparisons between the 2 occasions.
For now, although, bitcoin jumped from beneath $102,000 to $104,000 inside minutes, whereas ETH is up by greater than 4% and trades above $3,500. ZEC continues to outperform following one other 24% surge to $650. XMR follows swimsuit with a 19% pump.
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