Bitcoin Nears $70K on Back of Trump's Speech, Bitcoin Cash and Base Memecoins Lead Crypto Market Gains

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Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.

Bitcoin Cash is up double digits as the business week in Asia opens, despite expectations from analysts it would be the loser in the Mt. Gox trade.Bitcoin neared the $70,000 mark for the first time since early June in Asian afternoon hours, days after Republican candidate Donald Trump revealed plans to make the asset a national strategic asset if brought to power in November., and BRETT, a relatively new memecoin on the Base blockchain led gains in the crypto market on Monday.

The market seems to be reacting favorably to BRETT, a 'mascot' memecoin on the already meme-heavy Base blockchain. BRETT is the roommate to Matt Furie's Pepe the Frog, a comical slacker character from Boy's Club.according to CoinGecko datain a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence.

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