Bitcoin price surged by 4.4% after Trump's statement on creating national Bitcoin stockpile

From Cointelegraph

July 29, 2024 10:38 PM:

In response to Donald Trump’s statement about creating a national Bitcoin stockpile if reelected, the price of Bitcoin surged by 4.4% on Tuesday.

This move also coincides with a planned digital currency pilot program by the US Federal Reserve, signaling a growing interest in digital assets among government institutions.

The price of Bitcoin rose to $10,940 after Trump’s announcement, reaching its highest level in two weeks. Investors are closely monitoring how government involvement in the cryptocurrency space will affect its value.

Read more at Cointelegraph: ‘Tone deaf’ — US moves $2B Silk Road BTC after Trump’s stockpile pledge