Cryptocurrency prices moved up slightly after U.S. President Donald Trump announced that most Americans will receive a “tariff dividend” of at least $2,000. In a post on Truth Social, Trump said the U.S. is earning “trillions of dollars” from tariffs. He explained that this money will help lower the country’s $37 trillion national debt and also be used to pay for the dividend going out to citizens.  Although it is still only a proposal and would need congressional approval, the announcement alone has already influenced financial markets, including cryptocurrencies.

Soon after the proposal was revealed, Bitcoin, Ethereum, and several major altcoins began to rise. For many investors, this reaction felt familiar. Over the…