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Bitcoin bounces back after Trump calls himself ‘a big crypto guy’

Bitcoin bounces back after Trump calls himself ‘a big crypto guy’

Bitcoin bounced back Monday after President Trump called himself “a big crypto guy” and gave a positive, if noncommittal, answer when asked about the prospect of digital assets becoming part of his newly-launched Trump Accounts.

Prior to those remarks, the cryptocurrency fell as much as 2% toward $60,000 after filings revealed Strategy, the largest corporate holder of Bitcoin, sold $216 million worth last week – abandoning co-founder Michael Saylor’s pledge to “never sell your Bitcoin.”

Bitcoin later rose 0.4% to $63,822, reversing those losses after Trump boasted about his crypto-friendly administration – though it’s still far below its record high of more than $126,000 last year.

Bitcoin bounced…

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