At a rally on Saturday in Pennsylvania, Trump was shot in the ear during the incident.
As a result of the attempted assassination of U.S. presidential candidate Donald Trump, who has positioned himself as a cryptocurrency champion, the odds of the former president winning the forthcoming election increased, sending bitcoin to a two-week high on Monday. At a rally on Saturday in Pennsylvania, Trump was shot in the ear during the incident. His campaign said he was winning. Certain investors have stated that the assault has enhanced his prospects of regaining the White House, and it is anticipated that bets on his triumph will rise this week.
After hitting a two-week high of $62,698 earlier in the session, Bitcoin gained 8.6% to $62,508, bringing its gains for the year to 47%. At $3,322, ether was up 6.8% as well. In the U.S. election scheduled for November, Trump is challenging Democratic President Joe Biden and has attacked Democratic efforts to regulate the cryptocurrency industry. At a June event in San Francisco, Trump positioned himself as an advocate for cryptocurrencies, though he hasn’t provided details on his proposed policies. “He’s certainly positioned himself as pro-crypto, and as the odds of his reelection were galvanized by the shooting on the weekend, it’s certainly put a big boost underneath the bid in crypto markets, and bitcoin is obviously just an absolute standout,” said Tony Sycamore, an IG market analyst.
The organizers of the Bitcoin 2024 conference announced last week that Trump will be speaking on July 27 in Nashville, Tennessee. Following the introduction of exchange-traded funds in the United States, Bitcoin saw a great start to the year, rising to a record of $73,803.25 in mid-March, but it has since faltered. Early in July, it reached a four-month low as investors were concerned about the possible dump of tokens from the now-defunct Japanese exchange Mt. Gox.
After the Mt. Gox revelation, there were four weeks of losses. However, the bounce appears to be continuing, and by the end of this week, I wouldn’t be shocked to see it rise again to at least $65,000, according to IG’s Sycamore.
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