Bitcoin hit its highest level since early June after presumptive Republican nominee Donald Trump made sweeping promises about the cryptocurrency at a conference over the weekend.
The price of the popular cryptocurrency rose 2% on Monday morning to reach $69,819. Speaking at the Bitcoin conference in Nashville on Saturday, the former president doubled down on claims that the U.S. must emerge as the global crypto capital. He also vowed to establish a strategic national Bitcoin reserve and oust Securities and Exchange Commission Chairman Gary Gensler if elected in November.
In recent months, Bitcoin has been on a rollercoaster, trading above $71,000 and nearing all-time highs in early June, before seeing steady declines to below $66,000. But the cryptocurrency began to climb again in mid-July as the election cycle heats up — and national chatter about crypto grows…
