As cryptocurrencies continue to play a significant role in the global economy, former US President and current candidate Donald Trump appears to be leveraging this trend to his advantage. His recent remarks underscore this strategy.
Renowned for his initial skepticism towards cryptocurrencies during his presidency, Trump has since adopted a more favorable stance towards crypto during his current campaign. In his latest comments, Trump and his team took aim at Joe Biden and his policies.
Trump declared his intention to put an end to Biden’s anti-crypto agenda and ensure that the future of cryptocurrencies, including Bitcoin, is shaped in America. This statement suggests a potential shift in US regulations that could pose challenges for exchanges and crypto projects.
As for Bitcoin’s current price, the cryptocurrency saw a drop to $65,000 before rebounding to the $66,000 level, marking a 0.88% decrease in the last 24 hours. Despite the dip, Bitcoin’s market cap remains at a crucial $1.3 trillion level, while its trading volume reflects a negative trend.
In addition, analyst Eric Balchunas’ recent comments on the S-1 document decisions for an Ethereum ETF sparked some interest in the market. Despite Bitcoin’s decline, Ethereum’s price is holding steady at $3,482, with a market cap of $418 billion and a 24-hour trading volume of $15.7 billion, representing an 8% increase.
Investors should be cautious and conduct their own research as cryptocurrencies are highly volatile and carry inherent risks. Stay updated on the latest news through COINTURK FINANCE and our social media channels on Telegram, Facebook, Twitter, and Coinmarketcap.
