Donald Trump saying he is not a fan of Bitcoin (BTC) and cryptocurrency is “yuge” for the industry, commentators were suggesting after new tweets on July 12.

United States President Donald Trump voiced his opposition to cryptocurrencies as a whole, citing Bitcoin and Libra specifically, in a series of tweets published around 8:15 p.m. EST on July 11.

Bitcoin, which has taken a beating over the last few days, has held steady despite U.S. president Donald Trump unleashing a tirade against bitcoin, Facebook's planned Libra cryptocurrency project, and what he called "unregulated crypto assets."

Donald J. Trump has just tweeted his disapproval for cryptocurrency.