TL;DR:
- Bitcoin briefly surged past $109,000 on Sunday amid renewed trade optimism.
- XRP, Solana (SOL), and Dogecoin (DOGE) also posted 2–3% price gains.
- U.S. Treasury Secretary Scott Bessent hinted that several trade deals are near completion.
- July 9 marks the Liberation Day tariff deadline, after which higher duties may return.
- President Trump’s tariff strategy has reshaped financial and crypto markets.
Cryptocurrencies React to U.S. Trade Signals
Major cryptocurrencies posted solid gains over the weekend as investors reacted to signals of potential breakthroughs in U.S. trade negotiations. Treasury Secretary Scott Bessent, in a Sunday interview with CNN, stated that the United States is “poised to finalize multiple trade deals” before the July 9 deadline.
Bitcoin (BTC), the world’s largest cryptocurrency, climbed above $109,000, a sharp reversal from its dip to $75,000 in April following the announcement of sweeping tariffs. Other digital assets followed suit:
- XRP and Solana (SOL) each rose over 2%.
- Dogecoin (DOGE) jumped nearly 3%, trading at $0.1707.
- Ethereum (ETH) advanced 1.5%, reaching $2,550, according to CoinDesk.
Bessent: “Time to Finalize Agreements”
Bessent’s statements came during a CNN appearance, in which he confirmed that the July 9 date marks the end of the tariff freeze period, initially triggered by President Trump’s April 2 Liberation Day tariffs.
“President Trump will be sending letters to trading partners. If they don’t act soon, the tariff rates revert to April 2 levels by August 1,” Bessent warned, according to Reuters.
He added that several nations remain hesitant, but Washington is prepared to impose surcharges if agreements are not reached promptly. The administration is signaling that this is the final window for negotiation.
What Is Liberation Day?
“Liberation Day,” announced by President Trump on April 2, marked the beginning of a bold economic policy shift. The administration imposed:
- A baseline 10% tariff on all imported goods.
- Additional surcharges on certain countries, some as high as 50%.
The announcement sent shockwaves across global markets. U.S. equities saw steep losses, and Bitcoin plunged to $75,000 amid a broad sell-off. However, just days later, the administration issued a 90-day suspension to provide room for negotiations—expiring July 9.
U.S. Markets Rebound, Crypto Follows
Despite the initial volatility, U.S. financial markets have since rebounded. The S&P 500 and Nasdaq reached record highs in late June, buoyed by strong domestic economic data and expectations of trade breakthroughs.
Bitcoin’s return above $100,000 has mirrored this broader bullish sentiment. According to analysts, the resurgence reflects investor confidence in U.S. economic leverage, as well as the growing use of digital assets as a hedge against geopolitical instability.
Trump’s Trade Agenda and Crypto Market Impact
President Trump’s trade strategy has become a defining feature of his second term. The administration is prioritizing reduced reliance on foreign goods and lower trade deficits, even if that means short-term disruptions to global commerce.
For crypto markets, this policy has led to two distinct trends:
- Volatility spikes in response to geopolitical headlines.
- Increased adoption of crypto as a non-sovereign store of value.
Institutional investors and global traders have reportedly turned to assets like Bitcoin and Ethereum as buffers against currency devaluation and market uncertainty stemming from tariff-driven disputes.
Analysts: More Upside if Deals Are Finalized
Market strategists suggest that crypto assets could gain further if the U.S. successfully signs multiple deals before July 9.
“If Washington can lock in deals and avoid the reactivation of aggressive tariffs, risk assets including crypto will benefit,” said Sarah Lin, head of macro strategy at DeFiWatch.
Still, the risk remains that talks could falter, especially with some nations resisting U.S. terms. A breakdown in negotiations could reintroduce turbulence into both traditional and digital markets.
Crypto Market Snapshot (as of July 6, 2025)
| Asset | Price | 24h Change | Source |
| Bitcoin | $109,000 | 0.012 | CoinDesk |
| Ethereum | $2,550 | 0.015 | CoinDesk |
| XRP | $0.62 | 0.021 | CoinMarketCap |
| Solana (SOL) | $157 | 0.024 | CoinMarketCap |
| Dogecoin | $0.17 | 0.029 | CoinDesk |
What Comes Next?
The crypto market’s next major catalyst appears tied to the outcome of these trade discussions. Should President Trump’s administration successfully finalize agreements, investor confidence could surge, reinforcing upward momentum in digital asset markets.
However, if negotiations collapse, the reinstatement of tariffs could create new headwinds—both for crypto volatility and for broader market sentiment.
Market participants now await July 9 with heightened anticipation. The day could either reinforce bullish confidence or renew fears of global economic friction.
