Crypto Daybook Americas: Bitcoin Perks Up. Ether May Rally as Trump Tariff Concerns Ease

Your day-ahead look for March 24, 2025. You are viewing Crypto Daybook Americas, your new morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, click here. You won't want to start your day without it. By Omkar Godbole (All times ET unless indicated otherwise) Risk assets, including cryptocurrencies, perked up Monday on reports that President Donald Trump's expected reciprocal tariffs scheduled for April 2 may be more measured than initially thought. The news came days after the Federal Reserve retained forecasts for two interest-rate cuts while downplaying fears of a prolonged inflationary impact from the tariffs. “Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, softening his earlier rhetoric,” Markus Thielen, founder of 10x Research, said in a note to clients. Thielen noted the Fed's recent tone suggested that it will “look past short-term inflationary pressures, laying the groundwork for potential future easing.” As BTC rose over 1% since midnight UTC to $87,300, AI coins, meme cryptocurrencies and layer-1 tokens posted bigger gains. Ether rose 4% to $2,090 with its supply held on centralized exchanges sliding to the lowest since November 2015. Mantle Network's MNT token surged 6%, with Trump-linked WLFI snapping up coins worth millions. Other notable gainers included the TRUMP token, buoyed by the President calling it the "greatest of them all," fartcoin and sonic, all up over 9%. Tokenized real-world assets, as a category, rose into the $10 billion total value locked club, with Maker, BlackRock's BUIDL and Ethena's USDtb each accounting for more than $1 billion in TVL. In other news, Andrei Grachev, the head of DWF Labs, announced a $250 million fund focused on established mid-sized and large-cap crypto projects. Bloomberg reported that Coinbase is in talks to acquire Deribit, the world's leading cryptocurrency options exchange. CoinDesk had the wind of it in February. Decentralized perpetuals trading platform dYdX announced a program to allocate 25% of the net protocol fees to monthly buybacks starting today. The week ahead promises to be busy, with the U.S. personal consumption expenditure, the Fed's preferred inflation measure, due for release Friday. Additionally, SEC nominee Paul Atkins and Comptroller of the Currency nominee Jonathan Gould will testify before the Senate Banking Committee on March 27. Stay alert! By Shaurya Malwa The morning routine pic.twitter.com/HLhpwpKib8 Spot BTC ETFs: Spot ETH ETFs Source: Farside Investors https://www.coindesk.com/daybook-us/2025/03/24/crypto-daybook-americas-bitcoin-perks-up-ether-may-rally-as-trump-tariff-concerns-ease #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #ethereumdevelopment ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple