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Home ยป Donald Trump Shot Cryptocurrency Market Experiences Significant Volatility

Donald Trump Shot Cryptocurrency Market Experiences Significant Volatility

By adminJul. 14, 2024No Comments2 Mins Read
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Donald Trump Shot Cryptocurrency Market Experiences Significant Volatility
Donald Trump Shot Cryptocurrency Market Experiences Significant Volatility
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Coin World Report:
The biggest news in the past 24 hours involves Donald Trump, the Republican presidential candidate, who was shot at a rally in Pennsylvania.

In the past few hours, this news has become the headline of all news, even causing significant fluctuations in the cryptocurrency market over the weekend, which is unusual.

According to recent reports, 20-year-old Thomas Matthew Crooks has been identified as the “suspect” in the attempted assassination of former US President Donald J. Trump.

The shooting occurred less than 12 hours ago at a rally in Butler, Pennsylvania. Trump was taken off the main stage, with blood on his ears and face.

This is the first public shooting of a senior American politician in over 40 years since Ronald Reagan was shot by John Hinckley Jr. in 1981.

According to the British Broadcasting Corporation, Trump has been taken to a local hospital but has been released and returned to his home in New Jersey.

During his first term as president, Trump made outspoken criticisms of Bitcoin and the entire cryptocurrency industry. However, unlike the current president, Joe Biden, he has changed his stance during the current election campaign.

Therefore, it is not surprising that the shooting incident has had a significant impact on the cryptocurrency market, with most assets experiencing significant volatility.

Weekends are usually quite calm for BTC, but the events that occurred on Saturday (US time) led to several significant price changes, including a surge from $58,300 to $60,400 within a few hours.

Although there has been a subsequent decline, Bitcoin is still approaching the $60,000 mark that it fell below earlier this month.

Bitcoin/Price/Chart 14.07.2024. Source: TradingView

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