Crypto Rally Fades as Bessent Clarifies Trump’s Tariff ‘Dividend’
November 10, 2025 — The crypto market jumped on Sunday after President Donald Trump announced a “tariff dividend” aimed at low-income Americans, fueling hopes of new stimulus checks and igniting speculation about a renewed bitcoin (BTC) bull run.
Social media lit up with optimism as traders anticipated retail-driven momentum for bitcoin, trading around $105,079, alongside XRP and DOGE, which often benefit from periods of increased liquidity.
However, the excitement cooled quickly when Treasury Secretary Scott Bessent clarified that the proposed dividend may instead take the form of tax cuts rather than direct cash payments. Analysts noted that while tax relief can support household spending over time, it’s far less immediate in its impact on markets than direct stimulus checks.
“Investors were hoping for instant liquidity,” one analyst said. “Tax cuts don’t deliver the same short-term boost that crypto traders thrive on.”
