Investing.com– Bitcoin price climbed on Monday, extending gains from over the weekend after Republican presidential nominee Donald Trump raised the prospect of friendlier regulation during an address at the Bitcoin Convention.
While the token had initially reacted somewhat negatively to Trump’s speech, especially as he stopped short of explicitly promising a national reserve, buyers stepped in shortly after his address.
rose 2.7% in the past 24 hours to $70,018.0 by 09:19 ET (13:19 GMT).
Trump promises friendlier regulations, race with China
Trump on Saturday told the Bitcoin Conference that the U.S. should become the world’s crypto leader before China, and that he would also roll out friendlier regulations than Democratic presidential frontrunner Kamala Harris.
Trump said he would set up a crypto advisory council for the White House, and would also create a national stockpile of Bitcoin…
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