Major cryptocurrencies like BTC, XRP, and DOGE prices are poised for a bullish reversal as Trump has signaled at a tariff delay.
Following US President Donald Trump's announcement of a 90-day delay on tariffs, leading cryptocurrencies such as Bitcoin (BTC), XRP, and Dogecoin (DOGE) are indicating a possible upward trend.
Furthermore, with Trump's suggestion to suspend the 50% tariff on China, attention is focused on the potential effects this may have on the wider cryptocurrency market.
As the traditional financial markets recover from a significant decline, cryptocurrencies are showing positive movement in tandem with stocks and bonds.
Consequently, Trump's decision to pause the tariffs has ignited speculation regarding a bullish shift in the prices of BTC, XRP, and DOGE.
What Effect Will the Delay of Trump's Tariffs Have on the Prices of BTC, XRP, and DOGE?
Trump's unexpected suspension of his tariff initiatives has generated excitement for a potential bullish turnaround in the cryptocurrency market.
This optimism has been further fueled by Bitcoin's recent surge beyond $94,000, indicating a notable shift in market dynamics.
Other leading cryptocurrencies, such as XRP and DOGE, have also experienced a positive rebound following the delay in Trump's tariff plans.
Given the current favorable sentiment, analysts and traders express confidence in the future price movements of BTC, XRP, and DOGE.
Analyst CryptoELITES projects that Bitcoin could reach a new all-time high of $180,000 by November 2025, while crypto expert Merlijn.
The Trader anticipates a bullish ascent for BTC to $150,000 in the near term. Currently, Bitcoin is trading at $94,386, reflecting a 1.9% increase.
XRP Price Aims for $50
In a recent evaluation, the expert XRP Governor has established a long-term price target for XRP in light of the recent delay in Trump tariffs.
He predicts that XRP may achieve a remarkable peak of $50 by the year 2027. At present, XRP is priced at $2.20, reflecting an increase of 2.29%.
DOGE Price Aims for $0.22
Currently valued at $0.1821, Dogecoin has set a short-term target of $0.22. Analysts have identified a bull flag on its price chart, suggesting a potential upward trend for DOGE.
Enhancement in the Cryptocurrency Market
Notably, the cryptocurrency market is on the verge of experiencing its most substantial rally, as indicated by market analyst Michael van de Poppe.
Trump Considers High Tariff a Success: Here’s the Reason
Donald Trump asserts that imposing high tariffs ranging from 20% to 50% on foreign imports will result in a "total victory," as the United States stands to gain significantly from the revenue generated.
Moreover, these tariffs are expected to incentivize companies to establish production facilities within the US, leading to job creation and economic expansion. Additionally,
Trump references countries such as China, India, and Brazil to underscore their implementation of high tariffs, thereby recognizing tariffs as a fundamental aspect of his economic strategy.
Ultimately, this initiative has led to speculation regarding a possible bullish trend in the cryptocurrency market, with Bitcoin poised to benefit substantially.
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