{"id":25296,"date":"2025-05-05T21:46:44","date_gmt":"2025-05-05T21:46:44","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=25296"},"modified":"2025-05-05T21:46:44","modified_gmt":"2025-05-05T21:46:44","slug":"trump-champions-crypto-calls-it-very-hot-amid-market-crash-resilience","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=25296","title":{"rendered":"Trump Champions Crypto: Calls It \u2018Very Hot\u2019 Amid Market Crash Resilience"},"content":{"rendered":"
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Although BTC failed at $100,000 and the broader market faced a minor 2.1% pullback, U.S. President Donald Trump has doubled down on his pro-crypto stance, calling the asset class \u201cvery popular,\u201d \u201cvery hot,\u201d and even \u201cmuch stronger\u201d than the stock market.<\/p>\n

The comments were made in a May 4 sit down with Meet the Press moderator Kristen Welker, where Trump fielded questions about his personal crypto holdings, the recent surge of his namesake meme coin, and his administration\u2019s crypto policy stance among others.<\/p>\n

Trump\u2019s Crypto Endorsement<\/h2>\n

When asked about the surprising 58% surge in the TRUMP token\u2019s value following an exclusive dinner invitation<\/a> to top holders, the President quipped, \u201cI don\u2019t even know that. What did it surge to?\u201d After Welker clarified the price had spiked a lot, Trump scoffed: \u201cBillion dollars?\u201d before brushing off the metric entirely: \u201cWell, that doesn\u2019t mean anything.\u201d<\/p>\n

Last week, reports emerged that the uptick in the meme coin\u2019s price may have been engineered, with on-chain data showing large transfers to centralized exchanges. It led many in the community to suspect the team behind the token may have been executing a \u201cpump and dump<\/a>\u201d move post-dinner invitation.\u00a0Trump, however, denied profiting from the token, stating bluntly: \u201cI\u2019m not profiting from anything.\u201d<\/p>\n

Despite the controversy, what stood out in the interview<\/a> was Trump\u2019s clear endorsement of crypto\u2019s relevance on the global stage.<\/p>\n

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\u201cI want crypto. I think crypto\u2019s important because if we don\u2019t do it, China\u2019s going to.\u201d he declared.<\/p>\n<\/blockquote>\n

He further stressed their staying power, saying, \u201cIt\u2019s very popular, it\u2019s very hot,\u201d while suggesting the assets had performed better than the mainstream market during the recent slump triggered by a tariff<\/a> clash between the U.S. and its major trading partners.<\/p>\n

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\u201cIf you look at the market, when the market went down, that stayed much stronger than other aspects of the market.\u201d<\/p>\n<\/blockquote>\n

Trump also admitted that his about turn on crypto was because the sector had become very popular. \u201cMillions of people want it,\u201d declared the politician.<\/p>\n

The billionaire businessman\u2019s praise of cryptocurrencies came amid reports that a company affiliated with him, Trump Media & Technology Group, is looking to embed crypto<\/a> into its business model.<\/p>\n

BTC Holds the Line<\/h2>\n

Meanwhile, BTC, the king cryptocurrency, jumped to $98,000 last Friday before failing to sustain the momentum and slipping back below $96,000 over the weekend.<\/p>\n

The pullback followed a brief run-up from the $93,000\u2013$95,000 consolidation zone that had held strong throughout late April.<\/p>\n

Currently trading at $94,666, Bitcoin\u2019s daily volume remains strong, with the last 24 hours seeing about $19.5 billion changing hands as its market dominance stayed above 60%.<\/p>\n

The post Trump Champions Crypto: Calls It \u2018Very Hot\u2019 Amid Market Crash Resilience<\/a> appeared first on CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Although BTC failed at $100,000 and the broader market faced a minor 2.1% pullback, U.S. President Donald Trump has doubled down on his pro-crypto stance, calling the asset class \u201cvery popular,\u201d \u201cvery hot,\u201d and even \u201cmuch stronger\u201d than the stock market. The comments were made in a May 4 sit down with Meet the Press […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-25296","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25296","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25296"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/25296\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}