Bitcoin Price Soars to 70000 with Increased Support

Bitcoin (BTC), the biggest digital currency, has experienced a substantial increase in value, reaching close to $70,000. This surge can be attributed to the positive remarks made by former US President Donald Trump during the Bitcoin Conference 2024 in Nashville. Trump expressed his support for cryptocurrencies, assuring that if he were to be re-elected, he would refrain from selling the Bitcoin owned by the US government. This stance demonstrated his favorable view towards crypto. Furthermore, he proposed the idea of keeping Bitcoin as a strategic asset, which further elevated market confidence and propelled Bitcoin towards this noteworthy price threshold.