Donald Trump: The man who can bring the bull market!
Bitcoin surged following news that former US President Donald Trump was attacked at a rally in Pennsylvania. According to CoinGecko, Bitcoin jumped from $58,337 to $59,796 in less than an hour. This spike marked a weekly high for Bitcoin, although it later settled at $59,524.
Interestingly, memecoins inspired by Trump saw even more significant gains. TREMP led the way with a 71% increase in the last 24 hours, while TRUMP rose by 39% and MAGA by 33%.
During Trump’s speech at a campaign rally, loud noises, thought to be gunshots or explosions, injured the former president's ear. He was briefly down, surrounded by Secret Service agents, then stood up with his face covered in blood. The Secret Service confirmed Trump's safety, and CNN reported the incident as an assassination attempt, with the shooter being killed by Secret Service agents.
Trump’s recent support for crypto, in contrast to his opponent President Joe Biden, has been noted by the crypto community. Following the apparent assassination attempt, some investors and bettors believe this event will bolster Trump's campaign.
On Polymarket, a leading crypto prediction platform, Trump's odds of winning the election jumped from 60% to 71% immediately after the attack, while Biden’s chances, previously at 15%, increased to 67%. Polymarket reported that Trump’s odds hit an all-time high on Saturday.
Bitcoin’s rise followed the news of Trump’s attack at the rally in Pennsylvania, climbing from $58,337 to $59,796 within an hour.
