Bitcoin

Donald Trump’s Trump Media &amp; Technology Group has reportedly entered discussions to acquire Bakkt. Bakkt is a cryptocurrency trading platform backed by the Intercontinental Exchange. According to the report by<a href="https://www.ft.com/content/d7f921d5-3668-4b6b-a98d-2681ad73610f" rel="noopener noreferrer nofollow"> Financial Times</a>, the company is inching closer towards the all-share purchase of Bakkt.The announcement triggered a market response, with Bakkt&#39;s shares experiencing a 162% surge. At press time, the stock price of Bakkt stood at $29.71. Trump Media shares also demonstrated strong performance, closing with a 16.65% gain and a share price of $32.78 at press time.This potential acquisition could have a crucial impact on the cryptocurrency sector, particularly following Donald Trump&#39;s recent presidential election victory and his increasingly crypto-friendly stance. During his July keynote at a major <a href="https://cryptotale.org/bitcoin-targets-138k-as-historical-patterns-signal-growth/" rel="noopener noreferrer nofollow">Bitcoin </a>conference in Nashville, Trump pledged to protect federal Bitcoin holdings and establish a &#34;Bitcoin and crypto presidential advisory council.&#34;<a href="https://cryptotale.org/trump-media-moves-into-crypto-with-potential-bakkt-purchase/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Trump Media Moves Into Crypto With Potential Bakkt Purchase

CryptoTale

Other articles published on Nov 19, 2024

US-Based Cryptocurrency Exchange Announces Entry into French Market! Here Are the Details

Bithumb Lists Raydium and Ponke Tokens with Significant Price Increases

Who is SK Masud Alam, the Trojan Horse who brought down WazirX?

BIT Mining to pay $10M fine for bribing Japanese politicians in former life

Turkish Cryptocurrency Investors Favor Specific Altcoins

Crypto: Hedera And Tezos Reach Heights Not Seen In Months

Join our free newsletter for daily crypto updates!