Bitcoin Hits 10-day High of Over $60,000 Post-Trump Assassination Attempt

Bitcoin surged to $60,300 following an assassination attempt on former President Donald Trump.

Bitcoin’s price surged following an assassination attempt on former US President Donald Trump during a campaign event in Pennsylvania on July 13.

After the incident, Bitcoin’s value rose by 4%, reaching $60,300. This marked its highest level in the past 10 days, reversing a recent downward trend.

Why Bitcoin’s Price Increased After Trump’s Assassination Attempt

The crypto community viewed the incident as pro-Trump news, which spurred the bullish sentiment.

Over the past months, Trump has become a favorite among the Bitcoin and crypto community. He has vowed to protect the right to hold Bitcoin and will be a headline speaker at the Bitcoin 2024 conference later this month.

These actions have helped him garner support from prominent crypto figures, including Ark Invest’s CEO Cathie Wood and Gemini exchange founders Tyler and Cameron Winklevoss. Notably, Elon Musk and billionaire investor Bill Ackman are also in support of his re-election bid.

“I fully endorse President Trump and hope for his rapid recovery,” Musk stated.$BTC