Abdullahi Ibrahim
@highbbee
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41 Followers
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Bitcoin Price Breakout Looms: Is A Bull Run Imminent?
The bitcoin price climbed 0.5% in the last 24 hours after presidential candidate Donald Trump said he would set up a strategic national Bitcoin reserve, fire Securities and Exchange Commission chair Gary Gensler, and make the US the crypto capital of the world if he regains the White House in November.
“Never sell your bitcoin,” he said in a speech at the Bitcoin 2024 conference in Nashville on July 26. “On day one, I will fire Gary Gensler. I pledge to the Bitcoin community that the day I take the oath of office, Joe Biden and Kamala Harris’s anti-crypto crusade will be over.”
The BTC price traded at $68,048 as of 7:20 p.m. EST on a 32% pump in trading volume to $36 billion.
Speaking to a crowd of about 5,000, Trump expressed his desire for Bitcoin to be “mined, minted, and made in the U.S.” He also outlined a broad crypto policy that covers everything from regulating stablecoins to supporting the right to self-custody Bitcoin.
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