2024-07-26 20:40:08
Bitcoin and traded higher this Friday evening, 26th, as investors await the speech of former president and candidate for the White House Donald Trump at the 2024 Congress in Nashville, in the United States, which ends tomorrow. The event’s website does not say when Trump will speak, but says he is “supporting financial freedom and the growth of the American bitcoin industry on the world stage.”
At 5:21 pm (Brazil time), bitcoin rose 0.95%, to US$66,183.38, according to Binance. Ethereum advanced 4.44% to US$3,268.00.
Traders hope tomorrow that Trump will make some beneficial signs for cryptocurrencies, such as supporting the US government’s purchase of bitcoin as a “strategic reserve” asset, which would allow a status similar to that of foreign currencies or .
According to FxPro Senior Market Analyst Alex Kuptsikevich, Marathon Digital (NASDAQ:), the largest mining company in the US, bought US$100 million in bitcoins. According to him, “the decision was made considering the recent market correction and the company’s return to its strategy of keeping all mining bitcoins on its balance sheet.
*With information from Newires
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