Cryptocurrencies rallied in the past few days as bitcoin prices reached record highs of almost £83,031 ($112,000) per token. The cryptocurrency industry continues to gain momentum under the Trump Administration as US regulators work to develop a framework governing digital assets for safe investments and custody of tokens.
Michael Saylor's Strategy continued to ramp up its bitcoin holdings, buying another 4,020 tokens for £316.55 million ($427 million). Furthermore, US President Donald Trump's goal to make America the crypto capital of the world is taking shape, as Trump Media and Technology Group, controlled by the Trump family, announced its intention to purchase £1.85 billion ($2.5 billion) worth of bitcoin on Tuesday.
