U.S. Stocks Open Higher on Monday; Crypto Stocks Jump in Wake of Trump’s Pro-Crypto Speech

Tiger Newspress07-29

U.S. Stocks rose Monday as Wall Street gears up for a busy week of corporate earnings.

Bitcoin touched the highest level since mid-June after Donald Trump expanded his pro-crypto agenda and as expectations for US Federal Reserve interest-rate cuts bolstered investor sentiment.

Crypto stocks gained in morning trading.

Republican presidential nominee Trump pledged at a weekend conference to make the US the “crypto capital of the planet and the Bitcoin superpower” if he returns to the White House following November’s election.

Trump also said that he will order the US government to refrain from selling crypto seized in criminal cases and instead use the tokens as the basis for what he called a strategic Bitcoin stockpile.

Meanwhile the Fed meeting later this week is expected to lay the groundwork for the start of a rate-cutting cycle, a prospect that lifted the mood in markets.

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Kenhirai
07-29
Kenhirai
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- SPACE ROCKET:
  The strategic Bitcoin stockpile reserve is a smart move.

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