Market Reaction to Presidential Announcement
Bitcoin's price experienced another uptick in the past few hours, with the asset reaching $104,000 for the third time within the past week. This surge followed an interesting announcement by US President Donald Trump, who stated that many Americans, excluding high-income individuals, would receive a dividend of at least $2,000 per person.
BREAKING: President Trump announces that he will be paying a “tariff dividend” of at least $2,000 per person.
Stimulus checks are officially back. pic.twitter.com/Dt4UgHVMrT
— The Kobeissi Letter (@KobeissiLetter) November 9, 2025
President Trump's promise came after he defended the tariffs he imposed on numerous nations during his current presidential run. The US Supreme Court is currently hearing arguments on the legality of these tariffs, with multiple experts having spoken out against them.
Historical Parallels and Community Speculation
These dividends of at least $2,000 drew comparisons to similar 'free money checks' that many Americans received during the initial days of the COVID-19 pandemic. At that time, with countless businesses temporarily closed and many individuals out of work, the US government began issuing $1,200 checks.
The cryptocurrency community, known for its vigilance and active discourse, began speculating whether these funds were channeled into purchasing crypto assets. This speculation was amplified by the subsequent surge in the prices of many altcoins.
Notably, Bitcoin's price, along with most altcoins, saw a spike in the hours following President Trump's announcement, leading to comparisons between the two events.
Current Market Performance
Currently, Bitcoin has jumped from below $102,000 to $104,000 within minutes. Ethereum (ETH) has also seen a significant increase, rising by more than 4% to trade above $3,500. Zcash (ZEC) continues its strong performance, with another 24% surge to $650, followed by Monero (XMR) with a 19% pump.
