The cryptocurrency market, including Bitcoin, continues to experience a critical period. This morning, Bitcoin‘s price soared above the $70,000 mark. The rise didn’t stop there, as the price momentarily surged past $72,000. Amidst these developments, former U.S. President and current candidate Donald Trump made a statement about the use of BTC.
What Does Donald Trump Say?
Just moments ago, Donald Trump made a critical statement about Bitcoin. His comment was as follows:
Bitcoin is being used intensively. I’m not sure if we want to get rid of it.
Given his past remarks, Trump’s approach could be interpreted as increasingly moderate regarding Bitcoin.
Current Status of Bitcoin and Cryptocurrencies
In recent minutes, Bitcoin has left the $72,000 mark behind. Following the introduction of ETFs on January 10, the price of BTC fell but later moved to levels never seen before.
As of today, despite concerns about Blackrock’s purchases, investors are hopeful about the market before the halving and maintain their optimistic outlook.
At the time of writing, the BTC price has retreated to $71,500. Despite this pullback, the price change remains positive, showing an increase of over 2.5%.
During this period, BTC’s volume also surpassed $1.4 trillion. Additionally, transaction volume increased by 79%, exceeding $50 billion.
On the other hand, the price of Ethereum also visited above the $4,000 level today for the first time since 2021. At the time of writing, ETH is trading at $4,038. With a market cap of $458 billion, ETH is steadily approaching the $500 billion level. ETH’s trading volume has also surpassed $25.3 billion, following a 94% increase in the last 24 hours.
