Bitcoin and major cryptocurrencies extended gains on Monday as traders digested US President Donald Trump’s latest economic proposal for a $2,000 “tariff dividend” for every American, funded by import duties.
The plan, featured in Truth Social, boosted risk appetite even as some questioned its viability and potential inflationary consequences.
“Everyone will be paid a dividend of at least $2,000 per person (not including high-income earners!),” the post said, adding that those who oppose the tariffs are “FOOL!” The rhetoric comes as fiscal debates in Washington heat up ahead of talks on the 2026 budget.
Treasury Secretary Scott Bessent said earlier this year that tariff revenue would be used to pay down the national debt, which now stands at about $38 trillion, although Trump’s latest comments suggest a populist tilt toward direct cash transfers.
While the proposal is unlikely to materialize without congressional approval, markets interpret it as a new injection of fiscal flexibility. The idea of direct payments to households, even hypothetical, revived the same risk reflex that drove digital assets during the pandemic-era stimulus rounds.
bitcoin rose 4.6% in 24 hours to $106,440, while Ether it gained 6.1% to $3,618, CoinGecko data shows. XRP led the majors with a daily jump of 8.5% to $2.48, and Solana added 6.1% to $167.96.
The overall crypto market capitalization rose to approximately $3.5 trillion, with approximately $113 billion in 24-hour volumes an unusually high figure for Sunday trading.
The XRP market 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 symbol XRPC.
The trust will hold XRP in custody with Gemini and BitGo, compared to the CoinDesk XRP CCIXber 60m New York rate.
Whether the “tariff dividend” becomes law or just another campaign talking point, traders seem happy to lead the liquidity narrative once again.
