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Eric Trump Hails Bitcoin's Surge as Digital Assets Reach New Heights

Guavy AI Editorial Team
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BTC ABT
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Eric Trump, co-founder and Chief Strategy Officer of American Bitcoin Corp. (NASDAQ: ABTC), expressed enthusiasm over Bitcoin's (CRYPTO: BTC) rapid price increase on Wednesday.

The cryptocurrency market experienced a significant surge, with Bitcoin rallying over 7% to nearly reach $70,000, its highest level since early June. The trading volume exploded 174% over the last 24 hours, indicating high buying pressure.

This spike triggered the largest single-day short liquidation event in Bitcoin's history, with roughly $1.42 billion wiped out over the last 24 hours.

Trump praised the development, stating, 'Exciting to see… Digital assets are the future.'

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