July 6, 2025
Bitcoin, Dogecoin, XRP Rise As Bessent Hints at Trade Deals Before Liberation Day Tariff Deadline thumbnail
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Bitcoin, Dogecoin, XRP Rise As Bessent Hints at Trade Deals Before Liberation Day Tariff Deadline

Bitcoin Briefly Topped $ 109,000, While XRP, Solana’s Sol, and Dogecoin Saw Notable Gains.”, – WRITE: www.coindesk.com

Bitcoin Briefly Topped $ 109,000, While XRP, Solana’s Sol, and Dogecoin Saw Notable Gains.Updated Jul 6, 2025, 4:09 pm Published Jul 6, 2025, 4:08 pm

Major Cryptocurrencies Rose Sunday Morning as the US Treasury Secretary Scott Bessentnt Hinted at UpcomING TRADE DEALS BEFORE The JULY 9 Liberation Day Tariff Deadline.

Bitcoin, The Leading Cryptocurrency by Market Value, Gaished Over 1%, Briefly Topping $ 109,000. Payments-Focused Xrp and Solana’s Sol Token Gained Over 2% Each, with Meme Token Dogecoin

Rising 3%, accounting to Data Source Coindesk. Ethereum’s Ether, The Second-Largest Token, Rose 1.5% to $ 2.550.

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In an interview with knn, Bessent Stated that US is Close to Finalizing Several Trade Deals Ahead of the July 9 Deadline, WHEN The TEMPORARY PAUSE IN HIGHER TARIFFS INITY

“President Trump’s Going to Be Sanding Letters to Some Our Trading Partners Saying That If You Don’t Move Things ALONG A Lot of Deals Veals Quickly, “Bessent Said, Per Reuters.

Bessent EXPLAINED THAT JULY 9 REMAINS The Deadline for Negotias, Failing Which Higher Tariffs, Announced in Early April, Will Take Effect From Aug. 1.

“We Are Saying This Is Who’s HapPENING. If YOU WANT TO SPEED THINGS UP, HAVE AT IT. IF YOU WANT TO GO BACK TO THE Old Rate, that’s Your Choice,” Bessent Told Cnn W W On Getting to Deals.

Since Taking Office Early This Year, President Donald Trump Has Been Focused on Making the Us Wealthy Again by Imposing Tariffs on Goods Imported from Rether Retera. and Reducing The US TRADE DEFICIT.

Trump AnnounCed Sweeping Tariffs on April 2, Starting with A 10% Base Tax on All Trading Partners and Additional Amounts On Many Countries, Withh Some Ranging As High As 50%. The So-Called Liberation Day AnnounCement Trigger AFFF IN FINANCIAL Markets, with US Stocks Taking A Significant Hit Alongside A Sharp Decline in Bitcoin, WhitCoin.

The Panic Likely Prompted the Trump Administration to Annune a 90-Day Pause A Week Later.

Since Ten, The So-Called US Exceptionalism Has Resurfaced in Financial Markets, Lifting Major US Equity Indices to Record Highs. Both the S&P 500 and Nasdaq have outperformed their Global peers, with btc ralying to Trade Above $ 100,000.

Omkar Godbole

Omkar Godbole is a co-managing Editor on Coindesk’s Markets Team Based in Mumbai, Holds A Masters Degree in Finance and A Charted Market Technician (CMT) Member. Omkar Previoously Worked at FxStreet, Writing Research on Currency Markets and As Fundamental Analyst at Currency and Commodities Desk at Mumbai-Based Brokerage Houses. OMKAR HOLDS SMALL AMUNTS OF BITCOIN, Ether, Bittorrent, Tron and Dot.

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