A dinner with the 'Crypto President'
Washington DC / Munich (IT BOLTWISE)-An unexpected increase in cryptocurrency $ Trump put the financial world into turmoil after former US President Donald Trump has announced an exclusive dinner for the largest investors in the meme coin.
The $ Trump cryptocurrency experienced a remarkable price increase of 60 percent after a gala dinner for the 220 largest owners was announced on the coin's website. This invitation, which is described as the “most exclusive in the world”, rekindled interest in the coin, even though it is still far below its highest level of over $ 70, which it reached shortly after its introduction in January. Since his inauguration, President Trump has monitored the greatest crash in the history of cryptocurrencies. Bitcoin fell from $ 109,000 in January to less than $ 75,000, which led to a loss of over $ 1.3 trillion on the wider cryptom market. This downward movement is reinforced by the global economic uncertainty, which is heated by the escalating trade war between the USA and China. There are also voices within the crypto industry to complain about Trump's failure to redeem its pro-crypto election promises. At the Bitcoin 2024 conference in Nashville, Trump promised that “all remaining Bitcoin in the USA will be produced” and announced the establishment of a Bitcoin treasure office. But the strategic Bitcoin reserve, founded in March, was considered disappointing because it did not include a purchase of new Bitcoin. Despite the latest upswing, the rally is more of institutional investments than political movements in Washington. Anil Oncu, CEO of the Bitpace crypto payment platform, explained that the interest of bank giants such as Deutsche Bank and Standard Chartered in the expansion of their US crypto operations indicates a strategic investment in the sector. These developments could drive a new, persistent wave of optimism for Bitcoin and the wider cryptoma market. Nevertheless, caution remains, since the next interest decision by the Federal Reserve and the ongoing discussions between Washington and Beijing will have a decisive influence on the Bitcoin Prize in the coming weeks.
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