Trump Congratulates Bitcoin Community On New All-Time Highs Just As Top Crypto Suffers First Weekly Loss Since His Election Triumph

President-elect Donald Trump congratulated the cryptocurrency community on Bitcoin’s (CRYPTO: BTC) new all-time highs on Sunday even as the leading cryptocurrency posted its first weekly decline since his victory last month.

What happened: Addressing a rally at the Turning Point USA event in Phoenix, Trump emphasized how risk-on markets have risen since the election.

“Bitcoin surged to an all-time record high of $108,000. Congratulations,” Trump said amid thunderous applause from the crowd.