Fifteen minutes after Donald Trump delivered his speech, the price of Bitcoin shot above $ 10,000 for the first time since May 7.
Here are some key moments from the speech, which took place on the sixth day of the riots in the United States, which broke out after the murder of George Floyd by the Minneapolis police.
“All Americans were justly disgusted and repulsed by the brutal death of George Floyd.” But we cannot allow righteous complaints and peaceful protests to be drowned out by angry mobs.
The biggest victims of the riots are the peaceful citizens of our poorest communities, and I, as their President, will fight to protect them. I will fight to protect you. I am your President of Righteousness and Order and an ally of all peaceful protesters.
In the last few days, our nation has been engulfed by professional anarchists, violent mobs, arsonists, thieves, criminals, Antifa and others.
That is why I am taking immediate presidential action to stop the violence and restore security and safety in America. I am mobilizing all federal resources – civilian and military – to stop riots and looting, to stop destruction and arson, and to protect the rights of decent Americans, including the rights of the Second Amendment.
Today, I strongly recommended that every governor release the National Guard so that we can dominate the streets.
If a city or state refuses to take the action needed to protect the lives and property of its residents, then I will release the U.S. military and quickly resolve the issue for them. ”
Trump ended his speech around 22:50 UTC when the price of Bitcoin began to rise. According to data from cryptocompare, the flagship cryptocurrency traded around $ 9,718 at 22:50.
Here’s what crypto startup Santiment said on Twitter.
“With BTC back above $ 10,000 for the first time since touching that level in early May, we are reviewing our long-term key triple volume measure to analyze the health of chain and social measures that are vital to confirm the uptrend of which Bitcoin is enjoying right now. On the annual time frame, the BTC shows a clear rise in the DAA (daily active addresses), trading volume…
Although the price may stay and target $ 11,000 and beyond, the shorter monthly time frame has a small decline under the same measures from the beginning of May. With these mixed network health results, we recommend that you stay cautious here and watch the BTC measures (using the link above) to see which direction it will move in the coming week … ”