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Crypto

Trump Boosts Crypto Sector with Supportive Bill Call

Guavy AI Editorial Team
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BTC
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Bitcoin and other cryptocurrencies surged after former US President Donald Trump expressed support for the crypto sector. In a move that boosted investor confidence, Trump urged Congress to pass a supportive bill. The increase in buybacks of long-term bonds by the US Treasury lowered yields, making riskier assets like Bitcoin more attractive.

Experts predict that favorable macroeconomic and policy factors will drive Bitcoin's price up to $100,000 by the end of 2026. This momentum also led to significant short liquidations and pushed ether to a three-month high.

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