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Bitcoin Price Surges During Trumpâs Speech at Nashville Conference Bitcoin experienced sharp price movements over the weekend. BTC saw a $2,000 drop shortly after President Joe Biden announced his decision to withdraw from the 2024 presidential race. BTC then surged more than $3,000 to reach $68,400 on Monday. However, this upward trend did not last long and the price fell to $63,400 on Thursday. Then, a recovery followed, and the value approached $68,000 on Saturday. Trumpâs speech at the Nashville conference sent #BTC prices above $69,300, a seven-week high. However, volatility continued, with Bitcoin fluctuating between $66,500 and $69,000 before settling around $67,500. Most alternative coins have suffered significant losses in the past 24 hours. Among the leading cryptocurrencies, Ethereum (ETH) and Binance Coin (BNB) fell by about 1.5%. ETH fell to $3,225, while BNB fell to $578. Similarly, Solana (SOL), Cardano (ADA), Shiba Inu (SHIB), Polkadot (DOT), and Chainlink (LINK) were also in a downtrend. Dogecoin (DOGE), Toncoin (TON), and Avalanche (AVAX) in particular fell by 3-4%, while NEAR, WIF, Aptos (APT), and Render (RNDR) fell by up to 6%. Amid these declines, some altcoins such as XRP, TRX, and Bitcoin Cash (BCH) showed resilience, with BCH in particular gaining 3.5%. The total market value of all cryptocurrencies decreased by $30 billion overnight, falling below $2.520 trillion. Despite the recent volatility, Bitcoinâs market dominance has risen to 52.9%, reflecting the relatively stronger performance of #BTC relative to alternative coins during this period.
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đ˘ Donald Trump's Bitcoin Conference Speech Summary: ⢠I will fire Gary Gensler on day one and appoint a new SEC Chair. ⢠If elected, I will create a strategic national Bitcoin reserve for the US Government. ⢠The US Government will hold 100% of all Bitcoin it owns. ⢠Bitcoin is going to the moon. ⢠Never sell your Bitcoin. ⢠Bitcoin will likely one day surpass the market value of Gold. ⢠I reaffirm my promise to commute Ross Ulbricht's sentence. ⢠There will never be a CBDC while I am President of the United States. ⢠If elected, Bitcoin and crypto will soar faster than ever. ⢠Bitcoin does not threaten the dollar, the current US government threatens the dollar. ⢠The United States will be the crypto capital of the planet and the Bitcoin superpower of the world. ⢠Bitcoin represents freedom, sovereignty, and freedom from government oppression and control. ⢠I pledge to end Joe Biden and Kamala Harris' anti-crypto crusade.
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Bull season trailer: Donald Trump hails Bitcoin! Donald Trump took the stage at Bitcoin 2024 and promised big plans for cryptocurrencies in the US if elected. Former US President Donald Trump promised to create a âstrategic Bitcoin stockpileâ for the US at the Bitcoin 2024 conference in Nashville on Saturday. The Republican presidential candidateâs opening speech looks set to kick off a bull season that will begin soon. The former US president, who believes Bitcoin is an asset that should not be sold, drew attention with the following sentence: âIf I am elected president, I will not sell any #Bitcoin that the US government currently holds or purchases,â Trump said. Senator Cynthia Lummis stated that the US will âestablish a decentralized network operated by the US Treasury Department. She also announced details of her own âstrategic Bitcoin reserveâ proposal in a press release stating that she aims to purchase a total of 1 million Bitcoins. It is not yet clear whether #Trump and Lummis are collaborating on this plan or whether they are separate Republican-led initiatives with similar goals. The former US president excited crypto investors by saying, âNever sell your Bitcoin, Bitcoin will rise like never before and I will fire Gary Gensler as soon as I become president.â Trump, in his speech to the crowded conference hall, said, âI am laying out my plan to make the United States the crypto capital of the planet,â and the hall erupted in applause. He warned that the regulatory hurdles that have affected crypto companies under the Biden administration will continue to stifle innovation in the US under the administration of his likely Democratic opponent, #KamalaHarris .
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Bitcoin Price Soars to $69K Amid Pro-Bitcoin Laws and Market Vigor Bitcoin made headlines again this week by reaching $69,000. This rise caught the attention of individual and institutional investors. The priceâs decline to $63,000 also led to discussions about Bitcoinâs volatility. In particular, transfers from Mt. Gox and large amounts of money exiting #Bitcoin ETFs affected market sentiment. Many developments were brought to the agenda at the Bitcoin Nashville conference. US Senator Cynthia Lummis sparked discussions across the country by announcing that a Bitcoin Bill would be introduced. Senator Bill Hagertyâs pro-Bitcoin legislative efforts further increased excitement within the community. In the US presidential campaign dynamics, pro-crypto candidates are prominent. The legal battle between #Ripple and the SEC continues to be a focal point in crypto regulation. This week, prominent XRP lawyers Bill Morgan and Marc Fagel argued that a mutual agreement is unlikely. Morgan suggested that neither side is willing to make significant concessions. Fagel, however, noted that the SECâs internal meetings are not a priority, and that the agreements are not a priority. Ripple is also struggling with political issues. Senator Warren has been criticized by XRP advocate John E Deaton for her stance on the Supreme Court decision. At the same time, #Ripple CEO Brad Garlinghouse has called for presidential candidates to adopt transparent crypto policies, addressing concerns about Kamala Harris and the Democratic Partyâs regulatory approach. Ripple is also struggling with political issues. Senator Warren has been criticized by $XRP advocate John E Deaton for her stance on the Supreme Court decision. At the same time, Ripple CEO Brad Garlinghouse has called for presidential candidates to adopt transparent crypto policies, addressing concerns about Kamala Harris and the Democratic Partyâs regulatory approach.
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Trump's Bitcoin statement: Never sell. US Presidential Candidate Trump stated that he plans to make the US "the crypto capital of the planet and the world's Bitcoin superpower", and said that Bitcoin and cryptocurrencies will rise faster than ever before, "Never sell your Bitcoin" Former US President and Republican Presidential Candidate Donald Trump made statements about his policy on cryptocurrencies at the Bitcoin Conference held in Nashville. Stating that if the US does not adopt cryptocurrency and Bitcoin technology, China will adopt it, Trump stated that they cannot allow China to dominate and that he does not want China to be successful. Trump said, "I want the US to be first in technology, science, manufacturing, artificial intelligence and space." Emphasizing that he plans to make the US "the crypto capital of the planet and the world's Bitcoin superpower", Trump said, "If crypto is going to define the future, I want it to be mined, printed and produced in the US." Trump added, "Bitcoin is going to the Moon and I want America to be the country that leads the way" Pointing out that approximately 175 million people are interested in Bitcoin and cryptocurrencies, Trump criticized the US President Joe Biden administration for its regulations on cryptocurrencies Arguing that the US Securities and Exchange Commission (SEC) "is destroying Bitcoin", Trump said, "I will fire Gary Gensler on the first day I take office and appoint a new SEC chairman." Stating that he will also appoint a Bitcoin and crypto presidential advisory council as soon as he takes office, Trump said that the duty of this council will be to prepare transparent regulatory regulations for the benefit of the entire sector and that they will complete this within 100 days Trump also noted that there will never be a Central Bank Digital Currency (CBDC) as long as he is the US president. Arguing that Bitcoin is not a threat to the dollar, Trump said, "The current US government's stance really threatens the dollar. The danger to our financial future comes not from crypto, but from Washington DC"
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