Leading cryptocurrencies rose Tuesday, helped by improved consumer confidence and the Trump family’s foray into the Bitcoin treasury space.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:50 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.54% | $108,887.61 |
| Ethereum (CRYPTO: ETH) |
+4.46% | $2,641.03 |
| Dogecoin (CRYPTO: DOGE) | +1.95% | $0.2259 |
What Happened: The apex cryptocurrency tapped the high $110,000s in the early morning hours before sliding to the $108,000 region overnight.
Ethereum saw greater momentum as the second-largest cryptocurrency jumped 4.5% in the last 24 hours, reaching an intraday high of $2,712.29.
As of this writing, Ethereum has outperformed its senior sibling in the second quarter, up 45% to Bitcoin’s 31% increase.
The moves come after Trump Media & Technology Group (NASDAQ:DJT), a firm co-founded and majority-owned by President Donald Trump, announced it will use the proceeds of a $2.5 billion private offering to create a Bitcoin treasury.
Meanwhile, over $231 million was liquidated from the cryptocurrency market in the last 24 hours, with the …