Bitcoin jumps 4.5% within 24-hour before Trump's 'historic' speech

Before Donald Trump's "historic" speech in Bitcoin Conference on Sunday, the price of Bitcoin jumped by 4.5% within last 24 hours from $64,000 level to over $67,000 as of 0730GMT.

Trump's keynote speech in Nashville, US is expected to be "historic" by event organizer Brandon Green, saying that no one knows what he is going to say, but it is expected to be really optimistic.

The market cap of Bitcoin reached $1.32 trillion according to coinmarketcap data.

The 24-hour volume of the coin was at $35.3 billion, up 3.49% day-by-day.

Earlier this month, Bitcoin's price had dropped below $52,000, marking its lowest level since February 2024.

The positive sentiment in cryptocurrency markets was bolstered by expectations of Donald Trump winning the presidential election and speculations of the Fed cutting interest rates twice this year.