(Reuters) – The price of bitcoin eased on Saturday as U.S. Republican presidential candidate Donald Trump told an audience of cryptocurrency enthusiasts that bitcoin was going to the moon and he wanted the U.S. to lead the way.
Trump was speaking at a 2024 conference in Nashville, Tennessee, part of a broader Republican effort to court crypto holders ahead of the Nov. 5 election.
Bitcoin was last quoted down 0.96% at $66,814.
Analysis:
Donald Trump’s comments at the crypto conference had a minor impact on the price of bitcoin, causing it to dip slightly. This demonstrates the influence of public figures on the cryptocurrency market, and investors should be aware of such statements when making financial decisions. While the overall effect may be limited, it highlights the importance of staying informed and vigilant in the ever-changing world of cryptocurrencies.