What is the Connection to the Attack on Trump?

Date:


18h00 ▪
3
min of reading ▪ by
Mikaia A.

The attempted assassination of Donald Trump will have major repercussions on the upcoming November elections, but the effects on Bitcoin and other cryptocurrencies are already being felt. In fact, Bitcoin surpassed the $60,000 mark, propelled by political uncertainty and investor optimism.

Trump’s attack propels Bitcoin

The attack against Donald Trump, which occurred during a rally in Pennsylvania, had an immediate impact on the cryptocurrency market. As soon as the news of his survival broke, altcoins surged. Bitcoin also jumped, crossing $60,000 to reach $63,000 at the time of publication.

The volatility of the crypto market, often driven by political events, was particularly sensitive to this news.

Increased liquidity followed. Investors, reassured by Trump’s health, boosted their confidence in digital assets, contributing to this dramatic rise.

The Trump effect, as a

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