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The Guardian - UK

Technology

Jack Simpson and Dan Milmo

Bitcoin price hits six-week high after Trump backs cryptocurrency

Crypto Bitcoin FT Donald Trump Gary Gensler United States Kamala Harris SEC

Donald Trump speaks at the Bitcoin 2024 conference in Nashville — Donald Trump at the Bitcoin 2024 conference in Nashville. The former US president said he would make the US the world’s cryptocurrency leader. Photograph: Mark Humphrey/AP

Bitcoin has hit its highest level in more than six weeks after Donald Trump said at the weekend he would end the “persecution” of the crypto industry if he wins the US presidential election.

The cryptocurrency’s price rose by more than 3% on Monday to peak at about $69,745, the highest since 12 June when the currency changed hands at more than $69,800.

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