Donald Trump Attack Can Trigger Bitcoin Bull Run
Soon after the failed assassination attempt on Donald Trump on Saturday, July 13, Bitcoin and the broader cryptocurrency market registered a strong upsurge with the price rallying all the way to $60,000. Altcoins too have made a strong move with some of the top altcoins rallying anywhere between 4-5%.
Donald Trump Attack Can Trigger Bitcoin Bull Run
Former US President Donald Trump, who’s projected himself as pro-crypto, was shot in the right ear during his political rally in Pennsylvania. Trump has a narrow escape and his campaign team said that he was “fine” and would be attending the Republican National Convention starting Monday.
Well, yesterday’s attack has significantly improved Donald Trump’s odds of becoming the next US President PredictIt data. The crypto market is already cheering on this development with today’s move.
As per his previous confirmation, Donald Trump was to attend the Bitcoin 2024 Conference later this month in July. However, Satoshi Street would be eagerly awaiting further details on this after the current attack.
Along with Bitcoin and other altcoins, the TRUMP Meme coin is up by a massive 60% shooting to $10 earlier today with its market cap crossing $415 million. Also, the daily trading volumes have surged by a staggering 1000% after the recent attack.
As the elections approach, the cryptocurrency community has generally reacted positively to pro-Trump news, largely due to his recent supportive comments about crypto. Surviving an assassination attempt is also seen as pro-Trump news, which has led to bullish reactions in the market.
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