Bitcoin Roars Past $70,000 as Yields Sink, Trump Sparks Optimism
11 Articles
11 Articles
Bitcoin rallies past $70,000 as falling US yields, Trump's crypto meeting boost optimism
Bitcoin crossed $70,000 for the first time in over two months, driven by falling US Treasury yields, Trump’s meeting with crypto executives and strong ETF inflows. Ether, Solana and XRP also gained, while short-position liquidations surged.
Bitcoin Roars Past $70,000 as Yields Sink, Trump Sparks Optimism
Bitcoin surpassed $70,000 for the first time in over two months, propelled by US Treasury Secretary Scott Bessent’s successful move to push US bond yields lower and a high-stakes meeting President Donald Trump held with crypto industry leaders.
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Photo: Getty Images US President Donald Trump hosted high-ranking representatives of the crypto industry at the White House. After the meeting, Trump once again called on Congress to pass the Cryptocurrency Transparency Act, which led to a sharp increase in the value of Bitcoin. After Trump’s address to Congress, the price of the most expensive cryptocurrency, Bitcoin, rose to $69,825, which is an 8.5% increase compared to the previous day. Th…
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