PDAXScope: Crypto rallies as Trump eases tariffs

Crypto markets rebound as Trump puts Canada, Mexico tariffs on hold (Cointelegraph)

Crypto markets rebounded after US President Donald Trump temporarily halted proposed tariffs on Canada and Mexico amid ongoing negotiations as reported by Cointelegraph. In response to the tariff suspension, Bitcoin’s price surged back above the $100,000 mark reaching $101,731 after initially dipping to a low of $92,000 the previous day. Similarly, Ether recovered to $2,880 from a low of $2,451. 

Finance Chief Claims Pinoys Have Invested ₱6 Trillion Into Crypto (BitPinas)

Philippine Finance Secretary Ralph Recto stated in a recent Bloomberg interview that Filipinos have invested an estimated PHP 6 trillion ($107 billion) into cryptocurrency which highlights the country’s growing role in the crypto market. Recto attributes the high adoption rate to the young, tech-savvy and digitally connected population in the country. However, this figure contrasts with third-party reports like Chainanalysis which suggest a decline in crypto inflows. 

XRP could rally 18% amidst changes at the SEC and bullish on-chain metrics (FXStreet)

FXStreet notes that the potential for XRP to rally by 18% is driven by regulatory shifts at the U.S. SEC and strong on-chain metrics. With recent leadership changes at the SEC, FXStreet states that it may lead to a more favorable environment for cryptocurrencies, reducing legal uncertainties around XRP. 

Additionally, on-chain data showcased increased whale accumulation and active addresses that signal growing investor confidence. Technical indicators also suggested a bullish outlook with the possibility of an upward price movement.

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