First Mover Americas: Bitcoin Rises to Nearly $70K After Trump's BTC 2024 Speech

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First Mover Americas: Bitcoin Rises to Nearly $70K After Trump's BTC 2024 Speech
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Jamie Crawley is a CoinDesk news reporter based in London.

, its highest since early June, as the crypto market rallied after Donald Trump's appearance at BTC 2024 in Nashville on Saturday.

The Republican candidate for the presidency revealed plans to build a strategic BTC reserve if he is elected in November. Bitcoin is currently trading at around $69,650, an increase of 2.5% in the last 24 hours. The broader digital asset market has risen by about 3%, as measured by the CoinDesk 20 Index, with bitcoin cash leading the gains, adding more than 15% to $453."If we don't do it, China will do it," he said of embracing digital assets.

dropped over 6% as the decentralized autonomous organization that runs the protocol suffered a possible"governance attack." A governance attack occurs when an attacker acquires enough voting power in a DAO to manipulate the protocol for personal gain, exploiting the permissionless and tradable nature of governance tokens.

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