After a months-long slump, bitcoin appears to be on the rise again and it’s thanks in part to President Donald Trump and his crypto-friendly admisntration.
Bitcoin climbed above $81,000 in early trading Tuesday, reaching its highest level since May, according to Reuters. Its price has since slipped back to around $79,000.
That’s still well below bitcoin’s record high of roughly $126,000 set last October. But things appear to be turning around for the cryptocurrency and fast. Bitcoin rallied more than 20% over three days last week, its biggest three-day gain since 2023, CNBC reports. It’s now up 23% so far in August.
The rally comes after a pair…
Read the full article at GIZMODO.COM
