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.
Even without that, bitcoin has shown some impressive resilience lately and that built the foundation for the recent rally.
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.
On a Sunday morning in early March, President Donald Trump greenlit a Truth Social post promoting a “Crypto Strategic Reserve.” Hours later, he felt like he’d been played.That weekend at Mar-a-Lago, an employee of the lobby shop run by Brian Ballard who was attending a donor event at the resort, had personally buttonholed the president and encouraged him multiple times to tout his desire to promote the industry. She even gave him a copy of a message she thought he should write.It was only after he posted that missive that Trump realized a company behind one of the tokens named in the post, Ripple Labs, was a Ballard client. He was furious and felt like he’d been used, according to two people familiar with the incident who were granted anonymity to speak candidly.“He is not welcome in anything anymore,” the president told associates at the White House that month, the people said, referring to Ballard.It's an interesting look at how things get done in the White House.
This article was written by Adam Button at www.forexlive.com. Read More Details
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