Key Points
- US President Donald Trump reiterated the idea that he’s a big crypto fan.
- His statement highlighted the upcoming shift in the US crypto policy, pushing BTC prices higher.
The US President, Donald Trump, has stated once again that he’s a big crypto fan, triggering a slight surge in Bitcoin’s price. Trump has been showing his support for the industry since his Presidential campaign in 2024.
Bitcoin Price Surges
Today, Bitcoin is trading in the green and the digital asset recorded a slight price surge in the past hour, following Trump’s crypto-related statements.
At the moment of writing this article, BTC is trading above $103,700, following a drop below $103,000 earlier today.
In the past seven days, Bitcoin recorded an ascendant trajectory, surging from $96,000 levels to over $105,000 on May 12 – a price level not seen since January of this year.
BTC’s price is pushed upwards amidst market optimism, continued institutional interest, and the recent trade war-related deal between China and the US announced by the White House.
Trump Remains a Crypto Supporter
Today, Bitcoin’s price reacted to Trump’s statement in which he highlighted the fact that he’s a big fan of crypto.
This could signal a definitive shift in the US crypto-related policy, which could trigger more investments in the ecosystem, energizing tech innovators and crypto advocates as well.
Trump showed his intense support for Bitcoin and the crypto industry in 2024 during his presidential campaign.
Since then, he launched his own memecoin, TRUMP, and even signed an Executive Order for Creating a Strategic Bitcoin Reserve and a Crypto Stockpile in the country.
Also, the Trump family has its own crypto project called World Liberty Financial (WLFI), mirroring support for the industry.
BTC Nears a New ATH
Bitcoin reached its ATH above $106,000 following the US elections, which revealed that Trump became the new President of the US, and despite price volatility, Bitcoin is now getting closer to its previous ATH.
Optimism remains alive in the crypto market, amidst hope for a better future for the crypto industry.
