Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, July 30
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»rises to $63k on prospect of Trump presidency By Investing.com
    Bitcoin

    rises to $63k on prospect of Trump presidency By Investing.com

    July 16, 20243 Mins Read


    Investing.com– Bitcoin price rose on Tuesday, buoyed by the prospect of friendlier crypto regulations in the U.S. as traders speculated that Donald Trump will win a second term in the 2024 presidential race. 

    Reports also showed that the Securities and Exchange Commission was close to approving exchange-traded funds that directly track world no.2 token Ether, further increasing optimism over a better regulatory environment.

    rose 2.3% in the past 24 hours to $64,073.6 by 01:27 ET (05:27 GMT). Speculation over Trump helped the token largely rise past concerns over selling pressure from distributions by defunct crypto exchange Mt Gox. This had seen Bitcoin crash to as low as $54,000 earlier in July. 

    Bitcoin buoyed by Trump bets 

    Bitcoin’s rebound came after a failed assassination attempt on Trump, over the weekend, was seen as greatly boosting the former president’s popularity.

    This was seen giving Trump somewhat of an edge over President Joe Biden in the 2024 presidential race. Trump on Monday was officially nominated as the Republican presidential candidate, and also picked Ohio Senator J.D. Vance as his running mate. 

    Trump has maintained a largely supportive stance towards the crypto industry, recently stating that the future of Bitcoin should be built in the U.S. and not overseas.

    Trump is also set to speak at the Bitcoin Conference in Nashville later this month. 

    A second term for Trump likely presents a more favorable regulatory outlook for crypto in the U.S., especially after a slew of crackdowns against the industry by the SEC and the Department of Justice in recent years.

    The SEC still has cases against XRP issuer and crypto exchange Coinbase (NASDAQ:), with both firms facing allegations of distributing unregistered securities. 

    Crypto price today: altcoins rise, Ether buoyant on spot ETF hopes 

    Among broader crypto prices, altcoins rose tracking gains in Bitcoin.

    World no.2 token rose 2.6% to  $3,420.75. A Reuters report said the SEC had given preliminary approval to at least three of the eight asset managers who had applied for a spot ETF, with trading set to begin from next week.

    The launch of spot Ether ETFs could draw in a similar amount of institutional investors as that seen with Bitcoin earlier this year. Bitcoin had reached record highs shortly after the launch of the spot ETFs. 

    Other altcoins also rose, with and up 3% and 2.4%, respectively. lagged, trading sideways.

    Among meme tokens, added 4.3%, while rose 7.1%.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleUnderstanding tax terms – wash sales – The Ukiah Daily Journal
    Next Article Alpine Income Property Trust (PINE) Scheduled to Post Earnings on Thursday

    Related Posts

    Bitcoin

    How Rare is Owning Bitcoin in 2025? Less Than 1% Have it

    July 30, 2025
    Bitcoin

    Bitcoin Price Drops As White House Releases Massive Crypto Report, Federal Reserve Leaves Interest Rates Unchanged

    July 30, 2025
    Bitcoin

    Bitcoin, Ethereum, XRP, Dogecoin Decline After Federal Reserve Holds Rates

    July 30, 2025
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin Soars to $67,300, Michael Saylor Reacts

    July 20, 2024
    Commodities

    Consumer Affairs Ministry proposes new labelling for prepackaged commodities

    July 15, 2024
    Finance

    INFOGRAPHIE. Apple, Google, Amazon… Voici le top 10 des marques qui valent le plus dans le monde

    January 22, 2025
    What's Hot

    Quatre ans après avoir acheté la banque Landolt, le groupe ODDO est «toujours en phase d’investissement» en Suisse

    April 16, 2025

    en quoi consiste le nouveau label européen ?

    June 6, 2025

    Finance Ministry Revisits Tax Proposals Following Protests

    August 15, 2024
    Most Popular

    BMCE Capital Gestion décroche une double consécration à Londres

    June 6, 2025

    Initial jobless claims fall more than forecast, easing some fears about US labor market

    August 8, 2024

    Bitcoin fait face à 70% de cotes d’une autre baisse alors que le tarif d’avril craint les marchés de secouer, dit Nansen

    March 28, 2025
    Editor's Picks

    Property developers gear up for green belt ‘gold rush’

    July 13, 2024

    C’est la taille de la position Bitcoin massive de Fidelity

    June 14, 2025

    HTB raises largest loans to £35m for property professionals  – Mortgage Finance Gazette

    April 23, 2025
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2025 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.