After President Donald Trump said he would distribute tariff revenues to all citizens, prices of virtual assets, including Bitcoin, rebounded across the board.
According to CoinMarketCap, a global virtual asset market tracking site, at 8:10 a.m. on the 10th, Bitcoin was traded at $104,900 per coin. It was down 4.91% from a week earlier but up 2.46% from 24 hours earlier.
Around the same time, Ethereum traded at $3,582, up 5.14% from 24 hours earlier. Elsewhere, XRP was up 3.58% at $2.36, BNB was up 0.56% at $998.74, and Solana was up 4.59% at $165.29.
This is seen as due to President Trump's remarks related to tariffs. On the 9th (local time), President Trump said that tariff revenues could be distributed as at least $2,000 in dividends to every American. The expectation was that such dividends would spur consumption.