Bitcoin jumps 11% to $71K, hits 2-month high; $190 billion added to crypto market cap after Trump’s crypto push

Bitcoin has jumped 11% to a two-month high of $71,000, marking a significant increase in the cryptocurrency's value. This surge has added nearly $190 billion to the overall crypto market capitalization, a substantial boost to the industry. The rally is largely attributed to renewed support from Donald Trump, as well as strong investment inflows into cryptocurrency exchange-traded funds and a sharp reduction in short positions, which have further improved market sentiment.

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Bitcoin's surge followed renewed crypto support from Trump, which could lead to increased adoption and investment in crypto assets. This could also boost investor sentiment and confidence in the crypto market.

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