Bitcoin Hits 6-Week High Following Trump’s Pro-Crypto Speech: The price of Bitcoin reached its highest level since mid-June
after Donald Trump expressed growing support for cryptocurrencies.
This and expectations that the U.S. Federal Reserve would cut interest rates boosted investor sentiment.

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The largest digital asset rose 2.6% on Monday to $69,462.
Smaller cryptocurrencies like Ethereum, Solana, and the meme-favorite Dogecoin also saw gains.

Republican presidential candidate Trump pledged at a weekend conference to make
the United States “the crypto capital of the planet and a Bitcoin superpower”
if he returns to the White House after the November elections.

Trump also stated that he would order the U.S. government to refrain from selling cryptocurrencies
seized in criminal cases and instead use them as the basis for what he called a “strategic Bitcoin reserve.”

Economist Chris Weston wrote in a note that the former president’s speech
at the Bitcoin conference in Nashville bolstered the original cryptocurrency and made it “a major election issue.”

At the same time, this week’s Federal Reserve meeting
is expected to lay the groundwork for starting an interest rate cut cycle,
a prospect that lifted market sentiment.

Bitcoin’s price is about $4,400 below its record high of nearly $74,000 in March.
Inflows into U.S. exchange-traded funds have boosted the token this year.

Bitcoin Hits 6-Week High Following Trump’s Pro-Crypto Speech.

Bitcoin Hits 6-Week High Following Trump&#8217;s Pro-Crypto Speech

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Bitcoin Hits 6-Week High Following Trump’s Pro-Crypto Speech