Investing.com-- Bitcoin jumped at the start of the week as investors cheered reports suggesting U.S. President Donald Trump may take a more measured approach to implementing new trade tariffs on April 2.

The world’s largest cryptocurrency advanced $87,127.50 by 02:12 ET (06:12 GMT) on Monday.

Bitcoin jumps as markets weigh Trump’s targeted tariff plan

Instead of broad, industry-wide levies, Trump’s administration is expected to impose tariffs on specific countries with significant trade imbalances with the U.S., according to a Wall Street Journal report.

The plan, reportedly targeting around 15% of nations with persistent deficits—dubbed the “dirty 15”—could include major economies such as China, Japan, India, and Vietnam.

Uncertainty over these tariffs initially weighed on risk assets, but optimism around a more measured approach helped Bitcoin gain traction.

Treasury Secretary Scott Bessent had earlier suggested that countries could negotiate to avoid higher tariffs by reducing their own trade barriers, indicating potential flexibility in the administration’s approach.

This development has alleviated some concerns about a potential escalation in trade tensions, leading to increased confidence in riskier assets like cryptocurrencies.

Bitcoin firm Metaplanet appoints Eric Trump to strategic advisory board

Japanese Bitcoin investment firm Metaplanet Inc (TYO: 3350 ) has named Eric Trump, son of U.S. President Donald Trump, to its newly formed Strategic Board of Advisors, the company announced on Friday.

The Tokyo-listed firm, which has been increasing its Bitcoin holdings, said the board aims to enhance its global presence and drive Bitcoin adoption.

Eric Trump’s experience in finance and branding is expected to support Metaplanet’s expansion strategy, the company said.

Metaplanet has positioned itself as Japan’s leading Bitcoin Treasury Company, currently holding over 3,200 BTC, with plans to grow its reserves to 10,000 BTC by the end of 2025.

Crypto price today: most altcoins rise amid broader rally

Most altcoins also jumped, in line with Bitcoin.

World no.2 crypto Ethereum rose 3.3% to $2069.05.

World no. 3 crypto XRP inched 3.1% higher to $2.4652.

Solana jumped 6.2%, while Cardano gained 2%, and Polygon climbed 2.8%.

Among meme tokens, Dogecoin rose 3.5%, while $TRUMP surged 9.4%.