Bitcoin hits $100K. Some background emerges on Trump’s touting of XRP — TradingView News

weekly bitcoin

Risk assets are running today and crypto is flying. Bitcoin is up 4.7% to $101K in the first break above that level since early February. Ethereum is up nearly 15%.

The market likes what it heard about Trump’s trade deal with the UK. The President was also upbeat on talks with China and said they will be ‘substantial’ and advised people to buy stocks.

That has the market thinking more good news will be coming on the weekend.

Even without that, bitcoin has shown some impressive resilience lately and that built the foundation for the recent rally.

Another interesting development today relates back to this tweet from March.

The tweet caused a short-lived rally in those coins but later led to consternation and Trump hastily tweeted something else about including bitcoin and ETH as well.

Politico today writes that a powerful lobbyist was behind the tweet.

It’s an interesting look at how things get done in the White House.