Former President Donald Trump was attacked with a gun at a campaign rally in Butler, Pennsylvania. The incident happened right after Trump began speaking, causing the security team to take immediate action. The cryptocurrency market experienced significant fluctuations after the news was announced.
Multiple shots rang out at the outdoor event, causing Trump's security team to quickly surround him. Armed officers took defensive positions in front of the stage as Trump crouched under the podium. Afterwards, the US Secret Service escorted Trump to a waiting car.
As he was taken from the scene, Trump repeatedly raised his fist to the crowd and shouted, signaling that he was not injured. However, images later appeared on social networks showing Trump with blood stains on his right ear and right side of his face.
After the incident, the cryptocurrency market witnessed significant fluctuations. Solana TRUMP (MAGA) digital currency increased 42% in value in just a few minutes, from $6.31 to $10.36 after the news was announced.
Bitcoin price also increased, surpassing the $59,000 mark. This market reaction shows the growing intersection between political and economic events and cryptocurrency price movements.
The shooting comes amid Trump's embrace of cryptocurrency as part of his 2024 presidential campaign, with prominent companies and individuals in the cryptocurrency industry pledging their support.
However, it's worth noting that not everyone in the crypto community supports Trump. Arthur Hayes, co-founder of BitMEX, recently published a critique of Trump's adulation of the crypto community, comparing his skepticism to Malcolm X's comments during the 1964 US presidential race and how politicians only support issues and topics based on their chances of winning votes.
Trump has pledged to loosen cryptocurrency regulations if reelected, and the Republican National Committee has adopted a pro-crypto platform. Earlier this month, former President Donald Trump confirmed his participation as a speaker at a Bitcoin conference in Nashville, highlighting his support for the cryptocurrency industry.
The incident is likely to attract more support from crypto-enthusiastic voters, while also raising concerns about security at political events in an increasingly polarized election season.
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