Tag: treasury

general

TRUMP Token Explodes as $2,000 “Dividend” Promise Fuels Hype

The post TRUMP Token Explodes as $2,000 “Dividend” Promise Fuels Hype appeared com. According to the Tax Foundation, tariffs have raised about $120 billion so far, while the proposed payouts would cost an estimated $300 billion. Treasury Secretary Scott Bessent later walked back the comment, framing the “dividend” as a reflection of upcoming tax cuts rather than new checks. Still, in the world of meme and political tokens, perception drives price faster than policy. Traders saw the news as another round of populist fuel for TRUMP a token whose price often mirrors the former president’s media exposure and campaign rhetoric. OFFICIAL TRUMP Chart Analysis: TRUMP Breaks Out from Consolidation TRUMP/USD daily Chart- TradingView On the TradingView daily chart, TRUMP price is showing clear signs of renewed bullish strength. The Heikin Ashi candles reveal a decisive breakout above the $8 resistance zone, closing around $8. 6 with a 2. 11% daily gain. This move follows several weeks of sideways consolidation between $6 and $8. The Bollinger Bands (20, 2) show widening volatility, with price now testing the upper band near $8. 9. The middle band around $7. 3 is acting as dynamic support, suggesting buyers are regaining control. The next resistance levels lie around $10, $12, and $14 all Fibonacci extension targets that could come into play if momentum sustains. Conversely, the lower band near $5. 7 remains a key support level; a daily close below that would invalidate the short-term uptrend. Momentum and Volume Patterns The uptick in green candles since late October signals strong buying volume entering the market. The shift from low volatility to expanding Bollinger width often precedes trend acceleration. OFFICIAL TRUMP (TRUMP) price has also reclaimed its 20-day moving average, a critical reversal signal after a multi-month decline from August to October. Momentum traders are likely eyeing a breakout confirmation above $9 for continuation. If the move holds above $8. 5, the next.

byadmin
general

What’s Next for ETH, XRP, ADA, SOL as Trump Dangles a $2K ‘Tariff Dividend’

The post What’s Next for ETH, XRP, ADA, SOL as Trump Dangles a $2K ‘Tariff Dividend’ appeared com. Bitcoin and major cryptocurrencies extended gains Monday as traders digested U. S. President Donald Trump’s latest economic proposal of a $2, 000 “tariff dividend” for every American, funded by import duties. The plan, unveiled on Truth Social, boosted risk appetite even as some questioned its feasibility and potential inflationary fallout. “A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” the post said, adding that those opposed to tariffs are “FOOLS!” The rhetoric arrives as Washington’s fiscal debates reheat ahead of 2026 budget talks. Treasury Secretary Scott Bessent said earlier this year that tariff revenues would be used to pay down the national debt, which now stands near $38 trillion, though Trump’s latest comments suggest a populist tilt toward direct cash transfers. While the proposal is unlikely to materialize without congressional approval, markets read it as a fresh injection of fiscal looseness. The idea of direct household payments, even hypothetical, revived the same risk-on reflex that drove digital assets during the pandemic-era stimulus rounds. Bitcoin BTC$106,242. 47 rose 4. 6% over 24 hours to $106,440, while Ether ETH$3,604. 10 gained 6. 1% to $3,618, data from CoinGecko shows. XRP led majors with an 8. 5% daily jump to $2. 48, and Solana SOL$166. 85 added 6. 1% to $167. 96. Overall crypto market capitalization climbed to about $3. 5 trillion, with roughly $113 billion in 24-hour volumes in an unusually high figure for Sunday trading. XRP’s market-beating rally came on the heels of Canary Capital’s third pre-effective S-1 amendment for its proposed Canary XRP ETF, which would list on Nasdaq under the ticker XRPC. The trust will hold XRP in custody with Gemini and BitGo, benchmarked to the CoinDesk XRP CCIXber 60m New York Rate. Whether the “tariff dividend” becomes law or just another campaign talking point, traders appear happy to front-run the liquidity.

byadmin
Sitemap Index