RATE Group | Cryptocurrencies Rise Following ‘Bullish’ Trump Tweet By Investing.com
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Cryptocurrencies Rise Following ‘Bullish’ Trump Tweet By Investing.com

12 Jul Cryptocurrencies Rise Following ‘Bullish’ Trump Tweet By Investing.com

Posted at 19:16h in Cryptocurrency News by

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© Reuters.

Investing.com – Cryptocurrencies traded higher on Friday following a tweet by U.S. President Donald Trump that analysts said was “bullish” for digital assets.

Total cryptocurrency market capitalization rose to $320.37 billion by 10:34 AM ET (14:34 GMT), compared to $308.72 billion a day earlier.

, the largest alt coin by market cap, did dip 0.6% to $11,666.00 on the Investing.com Index, but its closest rivals all traded higher. increased 1.0% to $274.34, gained 3.1% to $0.34404, while advanced 2.5% to $105.275.

Trump tweeted on Thursday evening that he was not a fan of bitcoin and cryptocurrencies, which were “based on thin air”.

Although an open attack on digital assets, Craig Erlam, market analyst at OANDA, commented on the price action in a note published Friday.

“Bitcoin has proven to be very resilient to the attacks though, dropping around $500 following the tweets – a drop in the ocean by its standards -…

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