Cryptocurrencies Rise Following ‘Bullish’ Trump Tweet
Investing.com
Published Jul 12, 2019 10:44AM ET
Updated Jul 12, 2019 10:57AM ET
Investing.com - Cryptocurrencies traded higher on Friday following a tweet by U.S. President Donald Trump that analysts said was “bullish” for digital assets.
Total cryptocurrency market capitalization rose to $320.37 billion by 10:34 AM ET (14:34 GMT), compared to $308.72 billion a day earlier.
Bitcoin, the largest alt coin by market cap, did dip 0.6% to $11,666.00 on the Investing.com Index, but its closest rivals all traded higher. Ethereum increased 1.0% to $274.34, XRP gained 3.1% to $0.34404, while Litecoin advanced 2.5% to $105.275.
Trump tweeted on Thursday evening that he was not a fan of bitcoin and cryptocurrencies, which were “based on thin air”.
Tron Foundation founder Justin Sun, who won the auction to have lunch with billionaire investor Warren Buffett, tweeted to Trump that he was a victim of “fake news”. He invited the president to come to the lunch so he could learn more about crypto that anyone else.
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Written By: Investing.com
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