The cryptocurrency world focused on a potential rise after the Bitcoin conference about 1.5 weeks ago. Following former US President Donald Trump’s pro-Bitcoin remarks, the Bitcoin price initially dropped but surged to $70,000 by the following Monday. However, geopolitical and economic events caused a historic drop, with BTC falling below $49,000 within a week. Recently, an important development occurred involving Trump.
Donald Trump’s Children Spoke
Donald Trump, who is campaigning strongly against Joe Biden in the presidential elections, now faces Kamala Harris, leading to uncertainty. Despite this, Trump continues to support cryptocurrencies, and his family has joined his series of statements. Recently, his children made announcements, starting with Eric Trump.
Eric Trump’s statement was as follows:
I really fell in love with Crypto/DeFi. Stay tuned for a big announcement…
Following his brother, Donald Trump Jr. made a more ambitious statement and shared the following with the world:
We are about to shake the crypto world with something BIG. Decentralized finance is the future – don’t get left behind. #Crypto #DeFi #BeDeFiant
Donald Trump’s clear support for cryptocurrencies as part of America’s future, along with his children’s statements, has generated significant excitement. Following these announcements, attention turned to the Bitcoin price.
What is the Bitcoin Price?
After Monday’s drop, the Bitcoin price seems to have recovered slightly. Following the decline, the price fell to $48,800 according to Binance indicators. Subsequently, the price recovered and, as of the time of writing, is trading at $57,200 after a 4.60% increase in the last 24 hours.
Despite this rise, it’s important to remember that BTC experienced a 13.60% drop in the last 7 days. This decline also reduced the market cap, which, despite a slight recovery, remains at $1.129 trillion after a more than 4% increase.
