Trump Advocates for Cryptocurrency, Describing it as 'Extremely Popular' Despite Market Instability

Despite a minor pullback in the broader market, U.S. President Donald Trump has reiterated his support for cryptocurrencies, describing them as "very popular," "very hot," and "much stronger" than the stock market. In a recent interview, he addressed several topics including his personal crypto holdings and his administration's stance on cryptocurrency.

Despite controversy surrounding a surge in the value of the TRUMP token, which some suspect may have been a "pump and dump" scheme, Trump denied profiting from it, and emphasized the importance of cryptocurrencies on the global stage.

Trump's praise for cryptocurrencies comes amidst reports that Trump Media & Technology Group plans to incorporate crypto into its business model. Meanwhile, Bitcoin's value continues to fluctuate, but its daily volume remains strong.