Bitcoin flirts with the 65,000 levels and maintains the highest level of the month for these reasons
Bitcoin $BTC fell slightly on Monday as the weekend rally ran out of steam, although growing optimism about interest rate cuts kept the cryptocurrency trading near a one-month high. Broader cryptocurrency prices also retreated after posting strong gains since Friday, after Federal Reserve Chairman Jerome Powell said the bank was preparing to cut interest rates. A weaker dollar, which fell to a 13-month low, also supported cryptocurrency prices.
A digital asset tied to a blockchain project linked to the Telegram app has lost about $2.7 billion in market value, as a result of the uncertainty caused by the detention of the messaging app’s co-founder.
The Open Network's Toncoin fell more than 20% after reports that Pavel Durov was detained at a Paris airport on Saturday on suspicion of failing to prevent criminal use of the Telegram app.
Trump proposes creating a US Bitcoin reserve to back cryptocurrencies
$BTC In an attempt to engage voters interested in cryptocurrencies, Republican presidential candidate Donald Trump has proposed creating a government reserve if elected.
During a cryptocurrency conference in Nashville, Tennessee, Trump revealed during a cryptocurrency conference in Nashville, Tennessee, that his administration's policy will be to hold all $BTC coins currently held or acquired by the U.S. government, with the goal of creating a "strategic national stockpile of #BTC