Investing.com– Bitcoin price climbed on Wednesday, extending a recent recovery as the prospect of a Donald Trump presidency bringing a friendlier regulatory environment largely offset concerns over selling pressure from Mt Gox.
Speculation over spot exchange-traded funds tracking Ether also aided sentiment towards crypto, as recent media reports said the Securities and Exchange Commission was close to approving applications from U.S. fund operators.
rose 1.7% in the past 24 hours to $64,848.7 by 08:48 ET (12:48 GMT).
Risk appetite was also aided by increasing optimism that the Federal Reserve will cut interest rates in September.
Trump speculation helps Bitcoin rise past Mt Gox jitters
Bitcoin’s recovery came largely on the back of increased speculation that Trump will win a second term. The former U.S. president has projected a largely pro-crypto stance in recent campaigning efforts,…
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