While the failure of the assassination attempt on Donald Trump caused Bitcoin to rise over the weekend, the largest cryptocurrency first exceeded 60 thousand dollars in the evening hours and reached 63 thousand dollars this morning. It does not go unnoticed that the heavyweights of the US business world, Bill Ackman and Elon Musk, said that they would support Trump with their tweets many times yesterday.
Bitcoin, which experienced sharp declines at the beginning of July and fell to 53 thousand dollars on July 5, rose to 63 thousand dollars this morning. The price of the largest cryptocurrency reached up to $62,999 in USDT parity on the Binance exchange.
Trump's strengthening benefited Bitcoin
The failure of the assassination attempt on US presidential candidate Donald Trump on the night between Saturday and Sunday has further increased Trump's chances in the presidential race. In the prediction markets, the probability of Trump winning the election was up to 70%. Known for his support for cryptocurrencies, Trump, who hosted Bitcoin miners and stock exchange managers at his home and gave photos, was both "victim" and strong, allowing Bitcoin to rise above 59 thousand dollars on Sunday morning.
The largest cryptocurrency continued its rise yesterday evening and rose above 62 thousand dollars at night. While the Bitcoin price rose above 63 thousand dollars on some exchanges on Monday morning, it returned to $ 62,999 in the BTC / USDT parity on the Binance exchange, which has the highest volume.
Will the positive trend continue?
It is expected that the most important factor for the rise in Bitcoin price is the Fed's possible interest rate cuts. The fact that CPI figures in the USA were lower than expected increased the possibility of the Fed making an interest rate cut in September. However, the end of the German government's sales of Mt. Gox distributions are gradual, unlike the German government, and this is one of the obstacles to a sharp drop in the price.
Support from Elon Musk and Bill Ackman
It was learned that Donald Trump will continue his election campaign despite his injury, will continue his rallies, and has not canceled his speech at next week's Bitcoin Conference. In other words, Trump will continue his efforts towards the presidency more strongly.
Trump's assassination attempt enabled him to receive support from the business world. Famous American businessman Bill Ackman posted many tweets yesterday, stating that Trump is the best presidential candidate for the United States, and officially declared his side.
Elon Musk, who clearly showed this support with his previous tweets, also gave the message that he was behind Trump with his tweets.
It is also eagerly awaited how the US stock markets, which will open at 16.30 CET today, will react to the events.
- Uzmancoin
