XRP news today: Bitcoin Surges 10% as US Tariff Relief Boosts Risk-On Sentiment

Bitcoin has demonstrated remarkable resilience, surging over 10 percent in the past week and outperforming traditional risk assets such as the S&P 500. After experiencing several weeks of volatile price movements and low liquidity, Bitcoin has regained the $94,000 range, a crucial level that supported the rally to its all-time high in January. This recovery is bolstered by a shift in macroeconomic sentiment, with renewed optimism around potential tariff relief from the US administration driving a broader risk-on sentiment across global markets.

Bitcoin has also reclaimed the Short-Term Holder Cost Basis level at approximately $92,900, a significant on-chain pivot point that typically distinguishes corrective phases from renewed bullish momentum. Additionally, the Percent Supply in Profit metric has rebounded to 87.3 percent, indicating improved market health and investor profitability.

The coming weeks will be pivotal. Bitcoin has not yet reached full euphoria levels, and its ability to sustain these gains will be crucial in determining whether a new leg higher toward all-time highs is achievable or if another pullback is imminent. Recent US trade policies, particularly the imposition of high tariffs on imports, are beginning to strain the economy. While initial jobless claims remain low and unemployment stands at 4.2 percent, there are signs of weakening confidence in the labor market.

Wage satisfaction and minimum acceptable salary expectations have fallen sharply, reflecting growing concerns about long-term job security and wage growth. Meanwhile, durable goods orders rose significantly in March, driven largely by a surge in commercial aircraft demand. However, core capital goods orders, a better indicator of business investment, showed almost no growth, indicating cautious corporate sentiment amid tariff uncertainty. Companies are delaying major investments, raising concerns about a potential slowdown in economic momentum later this year.

The US dollar has also weakened due to reduced confidence in US economic leadership, sharply downgraded GDP forecasts, and stronger global competition, particularly from Europe. The decline in consumer sentiment and the risk of interest rate cuts by the Federal Reserve could accelerate the dollar’s depreciation. Potential repatriation flows from Japanese investors and interventions by the Bank of Japan may further complicate the dollar’s trajectory.

On a positive note, the Federal Reserve has eased crypto-asset rules by withdrawing prior supervisory requirements for the US banking sector, aiming to promote innovation and simplify procedures for banks engaging in crypto and dollar token activities. This move signals a more supportive and adaptive regulatory stance toward the digital asset sector.

In a parallel development, Securitize and Mantle launched the MI4 crypto index fund with a $400M commitment, offering regulated, diversified exposure to major cryptocurrencies for institutional investors. This partnership reflects the growing integration of blockchain into traditional finance and the advancement of asset tokenization.

CME Group also announced the launch of XRP futures, expanding beyond Bitcoin and Ether futures. This highlights increasing institutional interest in altcoins and aims to boost XRP’s liquidity, price discovery, and mainstream financial adoption following Ripple’s settlement with the SEC.