Bitcoin surged to over $88,000 after President Donald Trump suggested a more flexible stance on upcoming tariffs and hinted at including Bitcoin in U.S. national reserves.
The announcement lifted investor sentiment across the cryptocurrency market, pushing total market capitalization close to $3 trillion.
Crypto Market Sees Strong Start to the Week
The broader cryptocurrency market began the week with a strong rally. Bitcoin (BTC) gained around 3.6% in the last 24 hours, trading near $88,192. Ethereum (ETH) followed with a 4% rise, hitting $2,087, while Solana (SOL) saw a sharp 7.7% increase to $143. XRP also moved up by 2.5% to trade at $2.48.
According to CoinGecko, the total crypto market cap rose 1.6% to $2.98 trillion. During the same period, crypto liquidations totaled $254 million, with Bitcoin accounting for $107 million and Ethereum for $41 million.
Tariff Comments Spark Market Optimism
Trump’s comments on tariffs helped fuel market optimism. Speaking last Friday, he suggested that the U.S. may exempt some countries from planned reciprocal tariffs and would carefully target industries like autos, pharmaceuticals, and semiconductors.
This potential easing of trade tensions was seen by many investors as a positive macroeconomic sign, though some experts remained cautious. Michael Brown, a strategist at Pepperstone, noted that flexibility in tariffs was expected and called the market’s reaction an overreach. “Flexibility is somewhat obvious… reciprocal tariffs won’t be a blanket policy,” he explained.
Bitcoin in U.S. Reserves?
In a more surprising twist, Trump also spoke about the idea of using profits from gold sales to buy Bitcoin for the U.S. national reserve. This idea sparked excitement in the crypto community, as it marks a possible shift in how digital assets are viewed at the highest levels of government.
Linh Tran, a market analyst at XS.com, called the idea “groundbreaking,” adding that this move could accelerate Bitcoin’s adoption among institutions and even governments. “Bitcoin was once seen as speculative,” she said, “but now it’s gradually being accepted as a real part of the global financial system.”
With Bitcoin nearing all-time highs and policy signals turning more crypto-friendly, investors are watching closely. If the U.S. does take steps toward adding Bitcoin to national reserves, it could reshape the global view on digital currencies—and potentially spark a wave of adoption by other countries