Bitcoin Surges After Assassination Attempt on Donald Trump
Bitcoin surged past $60,000, while other cryptocurrencies increased in market value following Trump's combative response to an assassination.
Bitcoin Surge above $60,000, and other cryptocurrencies gained in market value following Donald Trump’s defiant response to an assassination attempt during his campaign rally, increasing speculation that his chances of winning the election had improved, Bloomberg reported.
Pro-Crypto Stance of Donald Trump:
The Republican presidential candidate and former U.S. President is known for his pro-crypto stance. Last month, during an event in Washington, D.C., Trump stated, “I will make sure that the future of Bitcoin will be made in the U.S. and not driven overseas,” according to a Forbes report.
This contrasts sharply with the Biden administration’s anti-crypto stance. Trump has accepted campaign donations in Bitcoin, Ethereum, Solana, Dogecoin, and Shiba Inu, supporting the right to custody of crypto, as per Forbes.
Incident at Campaign Rally:
Trump was campaigning at the Butler Farm Show in Butler, Pennsylvania when an assailant opened fire. The Federal Bureau of Investigation (FBI) identified Thomas Matthew Crooks, 20, as the shooter.
He was shot and killed by security officials on the spot. Trump was shot in the ear, one attendee was killed, and two others are in critical condition, according to a CNBC report.
His campaign stated that he was “fine” after the incident and looks forward to attending the Milwaukee Republican National Convention on Monday.
Bitcoin Market Response:
According to the Bloomberg report, Bitcoin rose as much as 2.7% to $60,160.71 as of 1:05 a.m. in New York. Other cryptocurrencies, including Dogecoin, Solana, and XRP, also gained around 5% or more, according to a CNBC TV18 report, citing Coinmarketcap.
