{"id":351492,"date":"2024-07-15T15:10:28","date_gmt":"2024-07-15T14:10:28","guid":{"rendered":"https:\/\/readwrite.com\/?p=351492"},"modified":"2024-07-15T15:10:28","modified_gmt":"2024-07-15T14:10:28","slug":"bitcoin-surges-following-assassination-attempt-on-donald-trump","status":"publish","type":"post","link":"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/","title":{"rendered":"Bitcoin surges following assassination attempt on Donald Trump"},"content":{"rendered":"

Bitcoin prices soared to a two-week high today, following yesterday’s shocking assassination attempt on former U.S. President and current presidential candidate Donald Trump<\/a>.<\/p>\n

The incident, which occurred during a campaign rally in Pennsylvania, has reportedly greatly boosted Trump’s chances in the upcoming election and led to increased interest in cryptocurrencies<\/a>. Trump, who sustained a minor ear injury in the attack, is said to be recovering well according to his campaign.<\/p>\n

The former president has positioned himself as a strong advocate for cryptocurrency<\/a>, and some investors believe the attempt on his life may have strengthened his support base.<\/p>\n

Attack on Trump’s effect on Bitcoin<\/h2>\n

As of this morning, Bitcoin (BTC)<\/a> had risen 8.6% to $62,508, touching a two-week high of $62,698 earlier in the day. This surge brings Bitcoin’s year-to-date gains to an impressive 47%. Ethereum (ETH)<\/a>, another major cryptocurrency, also saw significant growth, up 6.8% at $3,322.<\/p>\n

The cryptocurrency market’s response appears to be linked to Trump’s stance on digital assets. He has been critical of Democratic attempts to regulate the cryptosector<\/a> and has presented himself as a champion for cryptocurrency. During a San Francisco fundraiser last month, Trump expressed support for crypto, though he has yet to provide specific policy proposals. Market analyst Tony Sycamore of IG told Reuters<\/a>:<\/p>\n

He’s certainly positioned himself as pro-crypto and as the odds of his reelection were galvanised by the shooting on the weekend, it’s certainly put a big boost underneath the bid in crypto markets and Bitcoin obviously, just an absolute standout.<\/p><\/blockquote>\n

The former president is scheduled to speak at the upcoming Bitcoin 2024 conference in Nashville, Tennessee, on July 27, which may further impact market sentiment. Bitcoin had already seen a strong start to the year following the launch of exchange-traded funds (ETFs) in the U.S.<\/a>, reaching a record high of $73,803.25 in mid-March.<\/p>\n

However, it has faced challenges recently, including concerns over the potential dumping of coins<\/a> from the defunct Japanese exchange Mt. Gox<\/a>. Sycamore added:<\/p>\n

We had four weeks of declines on the back of the Mt. Gox news … but the rebound, it looks to me like it’s got further to go and I wouldn’t be surprised seeing it head back up towards, at least towards $65,000 by the end of this week.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Bitcoin prices soared to a two-week high today, following yesterday’s shocking assassination attempt on former U.S. President and current presidential… Continue reading Bitcoin surges following assassination attempt on Donald Trump<\/span><\/a><\/p>\n","protected":false},"author":26485,"featured_media":351520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[58091],"tags":[],"table_tags":[],"acf":[],"yoast_head":"\nBitcoin surges following assassination attempt on Donald Trump - ReadWrite<\/title>\n<meta name=\"description\" content=\"Bitcoin surges to two-week high following assassination attempt on former president and crypto advocate, analysts see a link.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin surges following assassination attempt on Donald Trump\" \/>\n<meta property=\"og:description\" content=\"Bitcoin surges to two-week high following assassination attempt on former president and crypto advocate, analysts see a link.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/\" \/>\n<meta property=\"og:site_name\" content=\"ReadWrite\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-15T14:10:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/readwrite.com\/wp-content\/uploads\/2024\/07\/2bb1a973-11da-468d-8abf-565b859ed06a.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Radek Zielinski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rww\" \/>\n<meta name=\"twitter:site\" content=\"@rww\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Radek Zielinski\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/\"},\"author\":{\"name\":\"Radek Zielinski\",\"@id\":\"https:\/\/readwrite.com\/#\/schema\/person\/8494fbdb9f27b398106fdd232732a78f\"},\"headline\":\"Bitcoin surges following assassination attempt on Donald Trump\",\"datePublished\":\"2024-07-15T14:10:28+00:00\",\"dateModified\":\"2024-07-15T14:10:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/\"},\"wordCount\":384,\"publisher\":{\"@id\":\"https:\/\/readwrite.com\/#organization\"},\"articleSection\":[\"Cryptocurrency\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/readwrite.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/\",\"url\":\"https:\/\/readwrite.com\/bitcoin-surges-following-assassination-attempt-on-donald-trump\/\",\"name\":\"Bitcoin surges following assassination attempt on Donald Trump - 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