Bitcoin surges 4% to over $67,000 ahead of Trump's speech at Bitcoin Conference in Nashville
Donald Trump's speech at the Bitcoin Conference in Nashville on Saturday, cryptocurrency markets were trading higher on Friday.
At 12:30 am IST, Bitcoin (BTC) was trading 4.3% higher at $67,060, while Ethereum surged over 3% to $3,265. Meanwhile, the global cryptocurrency market cap rallied by 3.53% to around $2.4 trillion in the last 24 hours.
Trump, who once called cryptocurrency a «scam» in 2021, is now headlining one of the industry's biggest conferences. He will speak on Saturday, the last day of the three-day Bitcoin 2024 convention in Nashville.
Trump's appearance at Bitcoin 2024 marks his latest show of support for the industry. Last month, he met with bitcoin mining companies at his Mar-a-Lago resort and indicated he would like to see more bitcoin mining by US firms.
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View Details»Meanwhile, the rally in the blue-chip crypto tokens also came after the US economic data from overnight gave some cause for optimism, with economic growth faster than expected in the second quarter and inflation cooling. That helped dispel worries that the
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