🚨 **Breaking News Alert** 🚨
**Headline:** Elon Musk and Justin Sun Back Donald Trump After Assassination Attempt
**Key Details:**
- **Incident:** Donald Trump survived an assassination attempt on July 13.
- **Endorsements:** Both Elon Musk and Justin Sun have publicly endorsed Trump for President in light of the event.
- **Crypto Market Reaction:** Bitcoin increased by 1.77% to $59,659, Ethereum by 1.07% to $3,184, and Trump's memecoin, MAGA (TRUMP), surged over 50% to $8.27.
**Details:**
- **Elon Musk:** Musk showed full support for Trump via Twitter and wished him a speedy recovery.
- **Justin Sun:** Sun also supported Trump on X, highlighting his potential to positively impact the crypto industry by ensuring fair treatment.
**Market Impact:**
- **Investor Confidence:** The crypto market has remained stable, with key cryptocurrencies showing gains, suggesting confidence in Trump's potential influence on the sector.
- **MicroStrategy:** Announced a 10-for-1 stock split and purchased 226,331 BTC, worth about $13.2 billion.
**Political Climate:**
- **Election Impact:** Trump's endorsements could sway crypto community support, with potential implications for the upcoming election and its effect on the crypto industry.
**Note:** The backing of influential crypto figures like Musk and Sun highlights the intersection of politics and cryptocurrency, reflecting immediate market responses and long-term industry prospects.
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**Coins to Watch in July:** $INJ
