As the elections approach in the USA, it is observed that Donald Trump is starting to establish his superiority against Kamala Harris, who replaced Joe Biden. Recent polls show a noticeable lead for Trump, who has also made significant statements about Bitcoin. Trump’s increasing support for Bitcoin is becoming more evident in his statements.
Donald Trump’s Statement
In recent remarks, former president and presidential candidate Donald Trump emphasized various topics, including cryptocurrencies. Reassuring investors with his comments on Bitcoin, Trump said:
Instead of attacking the industry of the future, we will embrace it, including making America the world capital of crypto and Bitcoin.
Trump’s supportive stance on BTC during his re-election campaign has received significant support from the general public, contrasting with the criticism he faced during his first presidency. This has positioned him ahead of both Biden and Kamala Harris on this issue.
Besides Bitcoin and cryptocurrencies, Trump also made significant statements about the economy and addressed another topic involving Elon Musk.
Trump officially announced the establishment of a government efficiency commission led by Elon Musk to oversee US institutions.
As the election approaches, Trump is seen gaining prominence against Kamala Harris in the polls. Reports that Kamala Harris would tax unrealized gains have also contributed to her loss of strength.
What is the Current Bitcoin Price?
Bitcoin’s price rose to $58,500 following the JOLTS announcements but later pulled back to $57,000. In the last hour, BTC experienced a significant price drop, falling below $56,000 for the first time in a long period.
Despite the decline, BTC recovered slightly and is trading at $56,300 after a 3% drop in the last 24 hours.
Despite the drop in BTC, the RSI value showed 39.65, indicating it did not fall into the oversold territory during the sharp price movement, although it seems to be approaching this level. On the other hand, it continues to stay below all EMA 20/50/100/200 levels, suggesting that the necessary initiative for a rise has not yet occurred.
