Bitcoin Eases Slightly After Reaching Fresh Record High — Market Talk

Bitcoin eases slightly after hitting a fresh record high Thursday when the House passed President Trump's tax and spending bill. The fiscal plans have fuelled concerns about ballooning U.S. government debt following last week's credit rating downgrade by Moody's. This has encouraged investors to seek alternatives to the dollar, supporting bitcoin. Meanwhile, Trump held a private event Thursday night for investors of his meme coin. The Wall Street Journal reported that Trump reaffirmed his promise to make the U.S. the crypto capital of the world. Bitcoin falls 0.5% to $110,514 after reaching a high of $111,965 Thursday, according to LSEG. ([email protected])