RATE Group | Bitcoin news: BTC price BUOYANT despite Trump tweet ‘I’m not a fan’ | World | News
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Bitcoin news: BTC price BUOYANT despite Trump tweet ‘I’m not a fan’ | World | News

12 Jul Bitcoin news: BTC price BUOYANT despite Trump tweet ‘I’m not a fan’ | World | News

Posted at 10:05h in Bitcoin News by

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President Trump yesterday slammed cryptocurrencies, singling out bitcoin (BTC) and Facebook Libra in particular. The US president stated in a tweet time stamped at 5pm ET that “unregulated crypto assets possess the ability to facilitate unlawful behaviour”. Having rallied from a week low of $11,187 to $11,532 late evening on Tuesday July 11, bitcoin was beginning a bounce back prior to the President’s tweets.

In under an hour on June 12 at 8.15pm ET (1.15am BST), the bitcoin price dropped £500 in 45 minutes, before another surge brought prices back to the $11,400 level.

Bitcoin was trading at £9,302 ($11,660) at 9.45am BST on July 12, 2016, according to Coindesk.com data, suggesting the President Trump’s tweets are having had little effect on short-term traders.

Late Thursday evening the president took to Twitter to offer his sentiment on digital assets, highlighting his administration’s stance on crypto.

President Trump tweeted: “I am not a fan of Bitcoin and other…

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