Bitcoin and ether tumbled on Monday to multi-month lows due to worries over a possible US recession.
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Bigging up bitcoin is a way of doubling down on a key demographic for Donald Trump and his running mate.
Donald Trump told a bitcoin conference on Saturday that the US must dominate the crypto space, or China will.
Bitcoin surged to a two-week high after the attempted assassination of US presidential candidate Donald Trump.
Donald Trump will speak at a bitcoin conference later this month, an address that would highlight his growing embrace of crypto.
Bitcoin is under pressure again on concerns about possible sales of the token by creditors of the failed Mt Gox exchange.
Bitcoin was set for its biggest weekly fall in nearly a year as traders fretted over the likely dumping of tokens from Mt Gox.
Bitcoin sank to a four-month low on Friday, breaking below technical supports.
Losses are piling up in crypto after the digital asset market’s second worst weekly drop of 2024.
Global markets are on tenterhooks ahead of a US Federal Reserve interest rate decision and key US inflation figures.