Bitcoin Soars Above $63K as Trump Courts Crypto Spotlight

Bitcoin has broken through to new heights after a brief sell-off, climbing above $63K. The surge comes as former US President Donald Trump labeled himself a 'big crypto guy' and hinted at his Treasury accounts.

The price of BTC rose despite the recent sale of 3,588 coins for approximately $216 million by an unnamed entity over four days from June 29 to July 5.

Trump's comments on cryptocurrency have been met with a mixed reaction in the industry. While some see it as a positive sign for the market, others remain skeptical about his involvement and potential influence.