“The rally comes after a broader weekly slump, with the CoinDesk 20 (CD20) index recovering from a nearly 15% drawdown over the week.”, — write: www.coindesk.com
(Midjourney/Modified by CoinDesk)
- US President Donald Trump announced a plan to pay a “dividend” of at least $2,000 to most Americans, funded by tariffs.
- The announcement led to a modest rally in cryptocurrency prices, with BTC rising 1.75% to $103,000, ETH up 3.32% to $3,487, and SOL gaining 1.85% to $160.
- The rally comes after a broader weekly slump, with the CoinDesk 20 (CD20) index recovering from a nearly 15% drawdown over the week.
In a Truth Social post, Trump said the US is generating “trillions of dollars” in tariffs and said the funds would both reduce the country’s $37 trillion national debt and finance the dividend.
“A dividend of at least $2000 a person (not including high income people!) will be paid to everyone,” Trump wrote. The announcement helped cryptocurrency prices rise.
Bitcoin BTC$103,330.21 climbed 1.93% over the past 24 hours to trade above $103,000. Ether ETH$3,521.87 rose 4.75% to surpass $3,500, while solana SOL$161.93 gained 2.49% to top $160. The CoinDesk 20 (CD20) index rose more than 1.5%.
The modest rally comes amid a broader weekly slump that saw the CD20 index plunge nearly 15% before it started to recover. Bitcoin is still down 5.7% for the week, while ETH is down 7.5%.
Still, the reaction suggests traders may be pricing in the potential for higher consumer spending and crypto market inflows if and when these funds reach recipients.
A deep dive into Zcash’s zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.
- Shielded adoption surgedwith 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.
- The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.
- Project Tachyonled by Sean Bowe, aims to boost throughput to thousands of private transactions per second.
- Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.
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Large bitcoin holders continue to offload as smaller investors accumulate, creating a stark divide in market behavior.
- Whales holding over 10,000 BTC have sustained three months of selling, while smaller holders below 1,000 BTC remain steady accumulators.
- All wallet cohorts were net sellers early in the year, driving bitcoin down 30% to $76,000 during April’s tariff tantrum.
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