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Bitcoin Surges Amid Trump's Targeted Tariff Plan and Major Crypto Developments

Bitcoin jumps 3.4% as optimism grows over a more measured U.S. trade tariff approach. Meanwhile, World Network partners with Visa, and Strategy boosts its Bitcoin stake above 500,000 tokens.
Published on 2025-03-24

Bitcoin Rallies on Trump's Targeted Tariff Plan

Bitcoin gained 3.4% to $87,987.1 on Monday, driven by optimism over U.S. President Donald Trump's potential targeted tariff approach. Instead of broad levies, the administration may impose tariffs on specific countries with significant trade imbalances, including China, Japan, India, and Vietnam. This shift in strategy eased concerns about escalating trade tensions, boosting confidence in riskier assets like cryptocurrencies.

World Network and Visa Explore Stablecoin Payments Partnership

World Network, tied to Sam Altman’s biometric ID platform Worldcoin, is in talks with Visa to integrate card capabilities into its crypto wallet. This partnership would enable users to access stablecoin payments, fiat on- and off-ramps, and cross-border transactions, turning the wallet into a "mini bank account." Altman’s influence could make other wallet providers "worried," according to sources.

Strategy Boosts Bitcoin Holdings Above 500,000 Tokens

Strategy purchased 6,911 additional Bitcoins for $584.1 million, raising its total holdings to 506,137 BTC. The company, led by Michael Saylor, has invested $33.7 billion in Bitcoin, with an average cost of $66,608 per token. This move underscores institutional confidence in Bitcoin's long-term potential.

Metaplanet Appoints Eric Trump to Advisory Board

Japanese Bitcoin firm Metaplanet named Eric Trump, son of the U.S. President, to its Strategic Board of Advisors. The company aims to enhance its global presence and drive Bitcoin adoption. With over 3,200 BTC in reserves, Metaplanet plans to expand its holdings to 10,000 BTC by 2025.

Crypto Market Sees Broad Rally

Most altcoins joined Bitcoin’s rally, with Ethereum gaining 4.8% to $2,087.78 and XRP rising 2.6% to $2.46. Solana, Cardano, and Polygon also saw significant increases, while meme tokens like Dogecoin and $TRUMP surged 9% and 3.5%, respectively. The broader crypto market rally reflects renewed optimism in digital assets.

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