Bitcoin halted its record rise, falling about 0.7% at $87,872 after reaching an all-time high of $89,998 yesterday, Tuesday.
Trump pledged to make the United States “the cryptocurrency capital of the planet.”
Meme-based cryptocurrency Dogecoin surged after hitting its highest level since at least 2021 as Trump said Elon Musk will co-lead the Department of Government Efficiency and that the newly created department’s acronym – DOGE – refers to the name of the cryptocurrency promoted by Musk. in the past.