Digital currencies respond to the “Trump” attack! by Investing.com

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Investing. com – Whoever believes that the man still has the power to make such shocking statements, it seems that they have become a trait that runs like blood in the veins, the state of controversy and clamor that always accompanies the statements of the most dangerous man in the past years inside the White House. In an interview with Fox Business released today, former US President Donald Trump was asked about his views on the health of Wall Street markets, the progress the current administration has made, as well as the potential of Bitcoin and the cryptocurrency market.

But the US President and his administration are among the staunch enemies of digital currencies, as he saw it as a tool for money laundering and terrorist financing, and did not consider it a valid financial performance. In response to the last question, the former president said, “I love US currency, but I think cryptocurrency could be a disaster waiting to happen.”

The former US president added: “It may be fake, who knows what it is? Cryptocurrency is definitely something people don’t know much about.” Trump said protecting American sovereignty should be a first priority, rather than uplifting a stagnant financial system and taking advantage of the massive benefits that cryptocurrency and blockchain technologies have to offer.

market response

It seems that digital currencies did not care about the statements of former US President Donald Trump, especially since the position of the current administration of President Joe Biden, even if it was against it as well, is moderate in terms of the US administration’s desire to legalize the status of cryptocurrencies in the US economy. President Biden has named former Commodity Futures Trading Commission, or CFTC, chairman Gary Gensler as the new head of the Securities and Exchange Commission, or SEC, one of the most respected experts on the cryptocurrency market.

  • It is now trading during those moments of Wednesday’s trading, the highest levels of 47 thousand dollars, while it fluctuates between the levels of 46.5 thousand dollars and 48.1 thousand dollars.
  • On the other hand, Ethereum rose strongly by more than 6%, to reach the levels of 3.5 thousand dollars, while its market value exceeded more than 414 billion dollars.
  • And Karadno is trading almost stable near levels of 2.8 dollars, while its market value is about 90 billion dollars.
  • While Binance Coin rises by about 1 near the levels of $ 470, while its market value is about $ 79 billion.
  • Ripple, which is suffering from lawsuits from the US Securities and Exchange Commission, rose by more than 5% to $1.2 levels, while its market value reached $56 billion.
  • The famous meme, Dogecoin, increased by more than 1%, rising to levels of $0.28, while its market value amounted to about $37 billion.

The article does not express a recommendation or nomination, but merely a monitoring of market fluctuations, as trading in digital currencies involves high risks, including the risk of losing some or all of the investment amount, knowing that it is not completely subject to financial authorities and markets.

Explanation of the risks: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn’t bear any responsibility for any trading losses you might incur as a result of using this data.Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





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