Bitcoin is trading close to $70,000 mark on Monday to reach the highest level in six weeks after former U.S. President Donald Trump reiterated his support for cryptocurrency over the weekend.

The world’s largest cryptocurrency was changing hands at around $69,800 at the time of writing, up 3.32% in the last 24 hours, according to The Block’s price page. Ether traded up 4.28% at $3,350, while Solana climbed 5.9% to around $193 over the past 24 hours.

“The current positive statement regarding crypto from many politicians and economic stakeholders is bolstering investor sentiment,” Justin d'Anethan, head of APAC business development of crypto market maker Keyrock, told The Block. “In Nashville, the Bitcoin conference has been a long stream of respected speakers talking about the importance …