Bitcoin, Ethereum, Dogecoin Gain After Trump Media’s Planned BTC Investment, Consumer Optimism: Analyst Says This Large Crypto Is ‘Best Play’ In Base Portfolio At The Moment
Leading cryptocurrencies rose Tuesday, helped by improved consumer confidence and the Trump family’s foray into the Bitcoin treasury space.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:50 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.54% | $108,887.61 |
| Ethereum (CRYPTO: ETH) |
+4.46% | $2,641.03 |
| Dogecoin (CRYPTO: DOGE) | +1.95% | $0.2259 |
What Happened: The apex cryptocurrency tapped the high $110,000s in the early morning hours before sliding to the $108,000 region overnight.
Ethereum saw greater momentum as the second-largest cryptocurrency jumped 4.5% in the last 24 hours, reaching an intraday high of $2,712.29.
As of this writing, Ethereum has outperformed its senior sibling in the second quarter, up 45% to Bitcoin’s 31% increase.
The moves come after Trump Media & Technology Group (NASDAQ:DJT), a firm co-founded and majority-owned by President Donald Trump, announced it will use the proceeds of a $2.5 billion private offering to create a Bitcoin treasury.
Meanwhile, over $231 million was liquidated from the cryptocurrency market in the last 24 hours, with the …
About The Author
