Lighter Tariff Hike Triggers Altcoin Surge: Solana, DOGE, and ADA Shine

Jakarta, Pintu News – Bitcoin has recently recorded significant gains, rising 3% in the last 24 hours, from $84,000 to $88,600. This rise comes following news that US tariffs against major trading partners will be milder than previously thought. Despite this, altcoins such as Solana (SOL), Dogecoin , and Cardano have outpaced Bitcoin’s gains, with performance particularly notable among the ten largest cryptos.

Market Reaction to Tariff Policy

According to anonymous sources from the White House, as reported by Bloomberg and the Wall Street Journal, President Donald Trump may take a narrower approach, focusing only on reciprocal tariffs. This change in strategy signals a lowering of tensions in trade policy that was previously feared to trigger a trade war.

These trade wars have, historically, often led to high volatility in crypto and stock markets. Stock markets have also shown a positive reaction, with the Nasdaq and S&P 500 indices up 2% each in the past 24 hours. These gains reflect broader optimism in financial markets, which also supports price increases in crypto markets.

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Altcoin Performance Steals the Show

Ethereum rose 4%, Ripple rose 2%, while Solana (SOL), Dogecoin (DOGE), and Cardano (ADA) led the way with gains of 8%, 7.8%, and 4.5% respectively. These altcoins show that investors may start looking at other assets besides Bitcoin (BTC) for higher returns. These gains indicate a diversification of investor interest in the broader crypto ecosystem.

In addition, the lighter-than-expected policy has helped reduce uncertainty in the market, which was previously exacerbated by volatile tariff policies during the Trump administration. Investors now seem to be more confident with stable market conditions.

Expert Views on Bitcoin Fluctuations

Colin Closser, investor relations manager at crypto wallet company Exodus, revealed that crypto markets are highly responsive to political changes and pressures in the United States. The volatility seen in Bitcoin this morning is evidence of that response. Since the price spike, Bitcoin has experienced a slight pullback back to the $86,930 level, with the strongest support in the $83,000 to $84,000 range.

The previously anticipated tariff policy, which is expected to increase the prices of foreign goods, could potentially cause inflation and complicate the economy further. However, with a lighter approach, the market may not face the same pressure as previously feared.

Optimism Amid Softer Policies

Crypto and stock markets have shown signs of recovery and optimism following the announcement of a more lenient tariff policy from the Trump administration. Significant gains in altcoins such as Solana, Dogecoin, and Cardano suggest that there are vast growth opportunities beyond the dominant Bitcoin. Going forward, investors will likely continue to watch political and economic dynamics to determine their investment strategies in the crypto market.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Tariff Easing Fuels Altcoin Rally: Solana, DOGE, and ADA Shine While Bitcoin Stalls. Accessed on March 26, 2025
• Featured Image: Generated by AI