Federal Character
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion
No Result
View All Result
Federal Character
No Result
View All Result
Home Business & Finance

Bitcoin Slumps After Trump’s Debt Comment

Nnaemeka OkwarabyNnaemeka Okwara
August 5, 2024
in Business & Finance
0
Bitcoin Slumps After Trump’s Debt Comment
Share on FacebookShare on TwitterShare on Whatsapp

In a surprise move, Former President Donald Trump suggested that Bitcoin could be used to pay off the United States’ $35 trillion national debt which led to an immediate crash of cryptocurrency’s value.

Speaking to Fox Business on Friday, Trump Stated, “Who knows? Maybe we will pay off our hefty $35 trillion, shake them hands with a little crypto check, right?” Furthermore he said, “we’ll hand them some bitcoin and just completely wipe out our said amount.”

Following Trump’s remarks, Bitcoin’s price dropped 12% in the last 24 hours while ether plunged 21%. As such, briefly on Monday Bitcoin prices fell below $50000 for the first time since February this year. The cryptocurrency market has lost significantly with approximately $500 billion in value, within the period covered by CoinTelegraph.

Trump is courting the crypto crowd ahead of the presidential election. At a Nashville bitcoin conference, he indicated they would make America “the crypto capital of planet” if he was re-elected to office again.

Regardless, the standpoint of Trump concerning crypto-currencies has changed dramatically over time. He said in 2019 that it is an extremely variable market and exists only in our imagination.

The sell-off of crypto market went together with fall of stocks over Asia-Pacific markets which were provoked by weak U.S jobs data, bad earnings results from leading tech companies as well as increased tensions in Middle East area.

Tags: BitcoinBitcoin Slumps After Trump’s Debt Commentcrashfederal characterForeign NewsNewstrump
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

Related Posts

Is YouTube the Future or a Trap for Nollywood?
Business & Finance

$24.5M Silence Fee? Trump Wins Against YouTube

October 1, 2025
September Surrender: Naira Kneels as Dollar, Euro, Pound Dance on Its Weakness
Business & Finance

October Onslaught: Naira Free-Falls as Dollar, Euro, Pound Tighten the Noose

October 1, 2025
Will the Dangote Refinery Deadlock Worsen Nigeria's Economic Crisis?
Business & Finance

Will the Dangote Refinery Deadlock Worsen Nigeria’s Economic Crisis?

September 30, 2025
Next Post
Tinubu Delays FEC Meeting to Focus on Security Amid Protests

Tinubu Delays FEC Meeting to Focus on Security Amid Protests

New Head of House in BBNaija Season 9

New Head of House in BBNaija Season 9

Public Health Officials’ Response to the Rising Cases of West Nile Virus

Public Health Officials' Response to the Rising Cases of West Nile Virus

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Eastern Congo Residents Struggle for Food and Safety as Conflict Heightens

Eastern Congo Residents Struggle for Food and Safety as Conflict Heightens

2 years ago
Naira Strengthens Against Dollar as Sellers Struggle to Find Buyers

Dollar, Euro and Pounds To Naira Exchange Rate For Today, December 9 2024

10 months ago
Fallen Pride: How the Nigerian Passport Fuels Global Suspicion and Bias

Fallen Pride: How the Nigerian Passport Fuels Global Suspicion and Bias

2 years ago
ANC and DA: United in Dysfunction

ANC and DA: United in Dysfunction

1 year ago

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

Topics

2023 Aboki/Bureau De Change (BDC) apc Arsenal buhari Business cbn chelsea china court Davido Dollar Efcc Election Entertainment Euro and Pounds To Naira Exchange Rate For Today exchange rates for the Nigerian Naira (NGN) Fashion federal character federal government Finance food Football Foreign News government health inec Israel lagos Manchester United Naira Naira Black Market exchange rates News Nigeria pdp police Politics president protest Russia Sports tinubu trump ukraine US
No Result
View All Result

Highlights

Supreme Court Blocks Trump From Axing Fed Governor Lisa Cook

Osimhen Breaks Nigerian Champions League Record in Galatasaray’s Win Over Liverpool

Trump’s Movie Tariff Madness: Does the World Really Revolve Around the U.S.?

Maryland Audit Exposes Gov Wes Moore

$24.5M Silence Fee? Trump Wins Against YouTube

Tems Shatters Another Global Record — See the Historic Feat

Trending

The Biggest Potential Fashion Faux Pas at Selena Gomez and Benny Blanco’s Star-Studded Wedding
Fashion & Lifestyle

The Biggest Potential Fashion Faux Pas at Selena Gomez and Benny Blanco’s Star-Studded Wedding

bySomto Nwanolue
October 1, 2025
0

Selena Gomez and Benny Blanco’s intimate Santa Barbara wedding was, by all verifiable accounts, a masterclass in...

Why Did the Taliban Shut Down the Internet in Afghanistan?

Why Did the Taliban Shut Down the Internet in Afghanistan?

October 1, 2025
Are Construction Standards Failing Churchgoers in Ethiopia?

Are Construction Standards Failing Churchgoers in Ethiopia?

October 1, 2025
Supreme Court Blocks Trump From Axing Fed Governor Lisa Cook

Supreme Court Blocks Trump From Axing Fed Governor Lisa Cook

October 1, 2025
Osimhen Breaks Nigerian Champions League Record in Galatasaray’s Win Over Liverpool

Osimhen Breaks Nigerian Champions League Record in Galatasaray’s Win Over Liverpool

October 1, 2025

We launched Federal Character in February 2021 based on the belief that the world is in need of smarter and more efficient reporting of events shaping our rapidly changing world. We pledged to put our audience first, always.

Recent News

  • The Biggest Potential Fashion Faux Pas at Selena Gomez and Benny Blanco’s Star-Studded Wedding
  • Why Did the Taliban Shut Down the Internet in Afghanistan?
  • Are Construction Standards Failing Churchgoers in Ethiopia?

Categories

  • Beauty
  • Business & Finance
  • Entertainment
  • Fashion & Lifestyle
  • Food & Nutrition
  • Government
  • Health
  • News
  • Politics
  • Relationship and Life
  • Sports
  • Tech

© 2024 FederalCharacter.com

No Result
View All Result
  • Home
  • News
  • Politics
  • Business & Finance
  • Entertainment
  • Sports
  • Tech
  • Relationship and Life
  • Fashion & Lifestyle
  • Food & Nutrition
  • Health
  • Opinion

© 2024 Federalcharacter.com