4 months ago
Bitcoin (BTC) surged past $106,000 connected Thursday greeting successful the U.S. connected reports that U.S. President Donald Trump volition speech aboriginal contiguous with Nayib Bukele, president of bitcoin-friendly federation authorities El Salvador.
Bitcoin precocious much than 3% to league highs successful the minutes aft the report, erasing aboriginal greeting losses. It was up 2.2% implicit the past 24 hours.
Earlier this morning, prices started to ascent arsenic U.S. Senator Cynthia Lummis posted connected societal media to "stay tuned for 10:00 a.m." Eastern Time, lone to gave back astir of the gains aft reports that the Senate Banking Committee would ballot to corroborate Lummis as chair of the panel's caller integer assets subcommittee.
Fueling the gains was speculation that bitcoin and crypto regularisation mightiness beryllium among the talking points betwixt the 2 leaders. El Salvador has go arsenic a nascent crypto hub nether Bukele's leadership. It was the archetypal federation authorities to follow BTC arsenic ineligible tender successful 2021 and accumulated implicit 6,000 BTC worthy $622 cardinal arsenic a strategical reserve.
Trump said past twelvemonth connected the run way that, if elected, helium aims to presumption the U.S. arsenic a planetary person successful the integer plus space. He besides made respective crypto-specific promises including creating a nationalist stockpile, oregon strategical reserve, of bitcoin.
He'll talk to Bukele astatine 3:30 p.m. ET.
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