Recently, the cryptocurrency market has experienced a notable spike, with Bitcoin $87,463 climbing to $88,666 and achieving a 4% gain. Former President Trump is back in the spotlight as he takes steps to mitigate losses ahead of the upcoming White House Cryptocurrency Summit on Friday. His latest social media update aims to bolster confidence in the crypto space, prompting a wave of interest.
Why Are Cryptocurrencies Rising?
Trump consistently reminds his audience of his commitments regarding cryptocurrencies. In his latest announcement, he revealed intentions to add ADA ($0.97), XRP ($2.73), and SOL ($167.94) Coin to the crypto reserve, which triggered a remarkable 35.5% price increase for ADA Coin, reaching $0.86 and pushing BTC ($88,798.69) above $88,600.
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