As cryptocurrencies increasingly hold a significant place in the world of economics, former US President and current candidate Donald Trump seems to be trying to fully turn this process to his advantage. His recent statement fully supports this notion.
Donald Trump’s Statements
Known for his apprehension towards cryptocurrencies during his presidency, but later showing a pro-crypto stance during his candidacy, Donald Trump once again drew attention with his recent statements.
Recently, Trump and his team, who have been advocating for the US to lead in cryptocurrencies and accepting crypto donations during the campaign, targeted Joe Biden and his approaches this time.
In his statements, Trump said he would end Joe Biden’s war on crypto and ensure the future of crypto and Bitcoin is made in America.
This statement can be seen as a signal that a new era might begin in the US, where regulations are strictly enforced and many exchanges and crypto projects face difficulties.
What is Bitcoin’s Current Price?
Meanwhile, attention was also on BTC, which was seen to have dropped to the $65,000 level today. BTC continues to trade at the $66,000 level, with a 0.88% drop in the last 24 hours.
Bitcoin’s market cap continues to trade at a critical $1.3 trillion level after the drop, while its trading volume also shows a negative outlook.
BTC’s 24-hour trading volume stands at $27.2 billion after a 5.67% drop. The drop in trading volume suggests that investors who engaged in panic selling may have exhausted.
Meanwhile, recent statements by renowned analyst Eric Balchunas regarding the S-1 document decisions for the spot Ethereum ETF also brought some activity in this area. Despite the drop in BTC, Ethereum’s price took a positive outlook and continues to trade at $3,482 at the time of writing.
Ethereum’s market cap stands at $418 billion, while its 24-hour trading volume reached $15.7 billion after an 8% increase.
