The post Bitcoin & Solana Rally as Tariff Fears Ease appeared on BitcoinEthereumNews.com.

Trump’s Tariff plan has created more damage than SEC’s regulations dropping it to the lowest level of $80K. But now things are changing, Bitcoin, XRP, and Solana saw strong gains early Monday as reports suggested that the upcoming Trump tariffs on April 2 might not be as aggressive as previously feared. This shift in expectations helped improve market sentiment, leading to a rally in both equities and cryptocurrencies.  Bitcoin and Solana Lead the Charge Following the news, Bitcoin climbed 2.7% in the last 24 hours, trading around $86,500, while Solana (SOL) jumped nearly 6% to $138. XRP also moved higher, rising 2.5% to $2.44, holding above its 50-day moving average after two weeks of positive price action. The rally came as U.S. stock futures, including the S&P 500 and Nasdaq, saw a 0.5% boost, while the VIX, Wall Street’s fear gauge, dropped 2.5%. Trump’s Tariffs: A Softer Approach? Initially, concerns over Trump’s planned tariffs had sent markets lower, with Bitcoin dropping nearly 17.6% in February. However, recent reports indicate that the tariffs could be more targeted than previously expected. Some countries may be exempt, and the additional levies on steel and other metals might not be cumulative. This news has calmed investors, sparking optimism across financial markets. Federal Reserve and Market Outlook The Federal Reserve recently updated its outlook, raising inflation expectations but sticking to its plan for two interest rate cuts this year. It also dismissed worries that tariffs would cause lasting inflation, calling the impact temporary. This has boosted confidence in riskier investments like Bitcoin.  Arthur Hayes, co-founder of BitMEX, believes Bitcoin will hit $110,000 before dropping to $76,500 again. He argues that the Fed’s shift from tightening to easing policies will keep the crypto market strong despite inflation fears. Will it Backfire? While the news has improved…

---

Filed under: News - @ March 24, 2025 6:24 am