Investing.com– Bitcoin price climbed higher on Tuesday, bolstered 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% in the past 24 hours to $63,893.4 by 09:11 ET (13:11 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…
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