The shooting incident that befell the former President of the United States, Donald Trump, apparently had a significant impact on the cryptocurrency market, especially Bitcoin.
According to Coin Market Cap, Bitcoin experienced a daily increase of 5% after the shooting incident. This increase was based on speculation that Trump would win the 2024 US presidential election.
Speculation about Trump's victory is a green light for crypto asset holders, considering that Trump is known to be friendlier towards this commodity. Chief Investment Officer of Magnet Capital, Benjamin Keller-Mayer, said that the strengthening of crypto began to appear since the first debate of the pro-crypto US Republican presidential candidates. The increased probability of Trump's election is considered a positive outcome that boosts the crypto market.