#MuskAmericaParty

The popular meme cryptocurrency Dogecoin (DOGE) has risen to $0.1728, marking gains exceeding 6% over the past twenty-four hours, leading the gains of major cryptocurrencies, while Bitcoin rose to $108,942.88 and approached the $110,000 level, supported by new hopes regarding interest rate cuts and a reduction in concerns about U.S. tariffs.

This surge came after U.S. officials clarified that the long-awaited tariff increases by President Trump would not take effect immediately, giving countries more time to negotiate.

The deadline on July 9 had raised fears of a sharp deterioration in global trade, but Treasury Secretary Scott Biesen stated on Sunday that countries that do not reach an agreement will likely be given an additional three-week grace period to reach settlements before the new tariffs are implemented on August 1.

Jeff Mei, the Chief Operating Officer at BTSE, said in a message on Telegram: "Markets are recovering after the disclosure that countries will get extra time to negotiate before tariffs take effect." He added: "If the Consumer Price Index data on Tuesday comes in lower than expected, it may open the door for the Fed to cut interest rates later this year."