Former President Donald Trump's campaign has seen a surge in cryptocurrency donations, now exceeding $4 million, primarily in Bitcoin.
This marks a notable increase from last week’s $3 million.
Recent filings show Trump’s campaign has attracted substantial crypto contributions, including Bitcoin, Ethereum, and XRP. From April to June, the “Trump 47” fundraising committee raised over $118 million, benefiting Trump’s campaign and affiliated organizations.
The campaign has gained significant support from the crypto community, with 19 donors contributing over $2.15 million in Bitcoin alone.
Trump’s campaign, which began accepting crypto donations in May, has attracted major figures like Tyler and Cameron Winklevoss and Kraken’s Jesse Powell.
Special fundraising events, including the Bitcoin Conference 2024 in Nashville, are also drawing high-value contributions.
Trump’s involvement in the crypto sector raises speculation about future policies if he is re-elected, though some question the motives behind his crypto outreach.
The final days of July could bring critical developments that reshape investor sentiment and influence the next leg of the crypto market’s trend.
Tyler Winklevoss, co-founder of crypto exchange Gemini, has accused JPMorgan of retaliating against the platform by freezing its effort to restore banking services.
Renowned author and financial educator Robert Kiyosaki has issued a word of caution to everyday investors relying too heavily on exchange-traded funds (ETFs).
The classic four-year crypto market cycle—long driven by Bitcoin halvings and boom-bust investor behavior—is losing relevance, according to Bitwise CIO Matt Hougan.