#BitcoinWithTariffs the previous one where US President Donald Trump indicated more tariff relief with the possibility of halting tariffs on cars.

The largest cryptocurrency in the world rose by 2% to $86,025.0000 by 16:40 Saudi time.

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Reports indicated that the Trump administration is considering using tariff revenues to buy Bitcoin, aiming to boost reserves without borrowing more money or imposing new taxes.

This move follows Trump's executive order to build a strategic reserve for cryptocurrencies, according to media reports.

Analysts: Approval of XRP exchange-traded funds is likely before SOL and DOGE funds

XRP and Solana (SOL) are seen as frontrunners for approval of spot exchange-traded funds in the United States, driven by strong liquidity, according to analysts at cryptocurrency research platform Kaiko. XRP recently surpassed SOL in market depth by 1% and doubled Cardano ADA's liquidity on approved exchanges.

Unlike Bitcoin, XRP lacks a developed futures market and is mostly traded overseas. However, its share in the US spot market has recovered since the SEC lawsuit in 2021, while SOL's share has declined.

Momentum for XRP has also gained after the launch of Teucrium’s 2x XRP ETF, which recorded over $5 million in trading volume on the first day - its most successful launch.