Bitcoin Surges Following Assassination Attempt on Donald Trump
Reports of an assassination attempt on former US president Donald Trump caused a surge in Bitcoin prices. The incident occurred during a campaign rally in Pennsylvania. Here’s what you need to know about this event and its impact on the crypto market.
Bitcoin Price Spikes
- Bitcoin’s price jumped from $58,337 to $59,796 in less than an hour after news of the incident.
- The spike pushed Bitcoin to its highest price in a week.
- However, the price has since settled at $59,524.
Rise in Trump-Inspired Meme Coins
- Following the news, meme coins inspired by Trump saw significant price increases.
- TREMP surged by 71%, TRUMP by 39%, and MAGA by 33%.
- These meme coins experienced more significant gains than Bitcoin.
Assassination Attempt on Trump
- During the rally, loud noises resembling gunshots led to chaos.
- Trump ducked down and was quickly surrounded by Secret Service agents.
- He sustained minor injuries but is reported to be safe.
Impact on Crypto Markets
- The crypto community views Trump’s survival positively for the future of crypto.
- Investors expect regulatory clarity and support for crypto if Trump wins the election.
- Some bettors have increased Trump’s chances of winning the 2024 election.
Hot Take: Cryptocurrency Reacts to Real-World Events
The crypto market is dynamic and reacts swiftly to breaking news, as seen in the case of Donald Trump’s assassination attempt. Stay informed to navigate these market fluctuations effectively!
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