Financial markets showed a risk-on sentiment early Monday during Asia hours due to reports suggesting that the next round of Trump tariffs due on April 2 could be more measured. Bitcoin (BTC) traded at around $86,500, up 2.7% on a 24-hour basis, while Solana’s SOL token was nearly 6% higher at $138. Payments-focused XRP increased by 2.5% to $2.44. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq rose over 0.5%, and the VIX index slipped 2.5% to 18.88 points. Media reports indicated that President Donald Trump’s planned ‘reciprocal tariffs’ could be more focused. Some countries may be exempt, and existing levies on steel and other metals may not be cumulative. Trump’s tariffs previously disrupted market sentiment, affecting both stocks and the crypto market. The Federal Reserve revised its inflation forecasts higher while downgrading growth figures likely due to Trump’s trade policies. The Fed called the tariffs-led inflationary impulse transitory while retaining forecasts for two rate cuts this year. This has revived bullish sentiment in the market. — news from CoinDesk
