$BTC

According to experts, this price increase is a market reaction following news that the social media company of U.S. President Donald Trump is negotiating to acquire the cryptocurrency exchange Bakkt.

The Trump Media and Technology Group is currently operating the social media platform Truth Social and is nearing the completion of acquiring all shares of Bakkt with support from ICE, the owner of the New York Stock Exchange (NYSE).

This information continues to raise expectations for a cryptocurrency-friendly regime under the upcoming administration of Mr. Trump.

In Vietnam, representatives of the State Bank have repeatedly sent the message: Bitcoin and similar cryptocurrencies are not legal currency and payment methods in Vietnam. The issuance, supply, and use of Bitcoin and similar cryptocurrencies as a means of payment is not in accordance with current laws.$ETH