Ether, Trump and Bitcoin
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Bitcoin and other major cryptocurrencies traded higher Wednesday after President Donald Trump said he expects the House to pass the GENIUS Act.
LIVE – Updated at 16:38. The price of bitcoin has surged on Tuesday amid hopes that Donald Trump is about to sign a pro-crypto executive order as one of his first acts as US president,.
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Stocktwits on MSNEthereum Outpaces Bitcoin After Trump Signals GENIUS Act Vote Could Proceed On WednesdayEthereum (ETH) gained ground against Bitcoin (BTC) in pre-market U.S. hours on Wednesday after President Donald Trump said that the GENIUS Act may face a full vote during the day. The GENIUS Act is good news for Ethereum because it is likely to ban competing yield-bearing stablecoins that often offer higher and simpler returns.
KEY TAKEAWAYS Ether, the second largest cryptocurrency after Bitcoin, continued to surge Friday after the House of Representatives approved three crypto-friendly bills that could give digital assets increased legitimacy.
Blockchain is the technology underpinning all cryptocurrencies, and many related products like non-fungible tokens (NFTs). In essence, it is a virtual spreadsheet on which all the buying and selling of crypto is recorded. They are arranged in blocks linked together in a giant chain - hence the name.