#BitcoinWithTariffs

Bitcoin rose on Tuesday after lackluster moves the previous day, as U.S. President Donald Trump hinted at further tariff relief with the possibility of halting tariffs on cars.

The world's largest cryptocurrency increased by 2% to $86,025.0000 by 16:40 Saudi time.

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Reports have indicated that the Trump administration is considering using tariff revenues to buy Bitcoin, aiming to bolster 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 more likely before SOL and DOGE funds.

XRP and Solana (SOL) are seen as frontrunners for the approval of spot exchange-traded funds in the U.S., 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 U.S. spot market has rebounded 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.