Trump stated that economic growth would "very easily" solve the problem of the US national debt, which has surpassed $40 trillion. According to the US President, the debt problem has existed for 35 years, and it must be overcome through economic growth.
Gold Futures Rises in U.S. Trading Gold futures prices rose in U.S. trading on Friday.
On COMEX, a division of the New York Mercantile Exchange, gold futures for December delivery are trading at $4,675.40 per troy ounce, up 2.28% at the time of writing.
The session high was $100.00 per troy ounce. At the time of writing, gold found support at $4,378.00 and resistance at $4,690.11.
The USD index futures, which measure the greenback's value against a basket of six major currencies, rose 0.06% to $98.75.
Other commodities traded on the COMEX, silver futures for September delivery rose 1.82% to $69.35 per troy ounce, while copper futures for September delivery rose 1.76% to $6.58 per pound.
Bitcoin nears $78,000 On Friday, Bitcoin rose to $78,776 amid strong institutional demand and a short squeeze.
📊 US spot Bitcoin ETFs attracted over $1 billion this week. Further growth depends on whether demand holds up after the short squeeze subsides. #BitcoinHitsIntradayHigh$75500
⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️⚡️ 🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀🚀 Bitcoin has risen in price by more than 20% over two days—from $64,000 to $77,100—with Ethereum, HYPE, and Solana following suit.
A welcome sight—markets are finally in the green 📈 Driven by statements from Trump and economic news from the US, crypto market capitalization has surged by $200 billion. Futures liquidations were among the highest seen in the past year—nearly $3 billion was wiped out, taking out almost all short positions. And, of course, analysts have already weighed in following this rally: The Coinbase CEO offered his market outlook: the CLARITY Act is set to pass on September 15, "Uptober" (market growth in October) is on the horizon, and the bull run is kicking off. Meanwhile, CZ from Binance hinted that Hyperliquid might not be the only project eyeing the US market; he appears to be referring to Aster and Lighter.
Hype over the news 🔥🔥🔥🔥🔥🔥 🔥 Trump stated that the SEC Chair is working on bringing Hyperliquid to the US market. 👉 HYPE/USDT trading pair. Other interesting statements from Trump today: ▶ Congress must pass the CLARITY Act—a bill regarding the crypto market structure. ▶ The US must maintain its status as the "undisputed leader" in the crypto space. ▶ The US is discussing plans to accumulate "significant" amounts of Bitcoin and other cryptocurrencies. Trump is really just blowing hot air today, though 😁. #CryptoRally #TRUMP #SEC #hype #US
🔥 ETH poised for a breakout Ethereum is holding between key moving averages, while low trading volumes are constraining price movement.
📊 The Ethereum Foundation has launched the Platåberget testnet for early testing of the upcoming Glamsterdam upgrade. A breakout below $1,850 or above $2,000 could set a new direction for ETH.