Cryptocurrencies, including Bitcoin, XRP, and Dogecoin, rise as US Treasury Secretary hints at trade deals

Major cryptocurrencies, including Bitcoin, XRP, and dogecoin, rose as U.S. Treasury Secretary Scott Bessent hinted at upcoming trade deals before the July 9 tariff deadline. Bitcoin briefly topped $109,000, while XRP and Solana’s SOL token gained over 2%. Ethereum’s ether rose 1.5% to $2,550, according to CoinDesk data.

Bessent stated in a CNN interview that the U.S. is close to finalizing trade deals before the July 9 deadline, when higher tariffs could take effect on August 1. President Trump may send letters to trading partners, warning of a return to April 2 tariff levels if no progress is made.

Since April, Trump’s focus on imposing tariffs on imported goods has aimed to rebalance trade and reduce the U.S. trade deficit. Initial tariffs triggered market sell-offs, prompting a 90-day pause. Financial markets have since rebounded, with U.S. equities hitting record highs and BTC trading above $100,000.

Read more at Yahoo Finance: Bitcoin, Dogecoin, XRP Rise as Bessent Hints at Trade Deals Before Liberation Day Tariff Deadline