At a good time for Bitcoin's price action as it rallies above $70,000, political news emerges that in some way impacts the behavior of the cryptocurrency market.
In this sense, when I say that news emerges that may be impacting the behavior of cryptocurrency price action, I am referring to Trump's statements when he assured attendees at a political rally that donations could be made to his campaign in crypto.
To wit, "With less than six months until Election Day, Trump is the presumptive nominee of the Republican Party for U.S. president in 2024. He will likely face President Biden, the presumptive nominee of the Democratic Party."
The truth is that, "Despite accepting cryptocurrency donations, the 'issues' page on his Trump campaign website did not specifically mention digital assets or blockchain at the time of publication."
It has been mentioned that, "Trump's crypto donations announcement came as the jury in his criminal trial in New York was preparing for deliberations, scheduled for next week. The former president has been required to appear in person in a Manhattan court for allegedly forging business documents for a USD 130,000 payment to adult film star Stormy Daniels"
SOURCES CONSULTED
Cointelegraph. Donald Trump says his campaign will accept crypto. Link
OBSERVATION:
The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph
