As a seasoned market analyst with extensive experience in cryptocurrencies and political events, I have witnessed numerous instances of how these two worlds intersect. The recent assassination attempt on former US President Donald Trump has once again demonstrated this intriguing relationship.
Recently, shocking news about an assassination attempt on former US President and Republican presidential candidate Donald Trump has brought unexpected enthusiasm to the cryptocurrency market. Upon hearing this news, both the market and crypto community have reacted favorably, with assets like Bitcoin and TRUMP coin experiencing positive responses.
Crypto Market Saw Immediate Reaction After Reports Of The Incident
Based on information from leading market intelligence provider Santiment, the crypto market exhibited a favorable reaction shortly after the assassination attempt on former US president Donald Trump on Saturday.
At a presidential rally in Butler, Pennsylvania, last Saturday night, Donald Trump was unexpectedly interrupted during his speech when he was hit by a bullet. Remarkably, the bullet merely scraped Trump’s upper right ear, prompting the Secret Service to swiftly escort him off the stage for protection. Fortunately, both Trump and the authorities have reported that he is unharmed and in good health following the incident.
Based on the significance of threats against the safety of both public and private figures, and considering the strong political stance within the cryptocurrency community, Santiment observed that there seems to be a growing optimistic outlook towards the presumptive 2024 US Republican Party presidential nominee.
The bullish sentiment on Santiment is fueled by Trump’s unexpected endorsement of digital assets, which has sparked excitement among supporters in the past few weeks. As many crypto enthusiasts have positively reacted to this news, the platform explained, “it’s no secret that surviving an assassination attempt is considered good news for Trump. Consequently, this positive sentiment has led to a surge in bullish responses.”
As a crypto investor, I’ve noticed some exciting developments in the market recently. Santiment reported that Bitcoin, the leading digital asset, bounced back to $60,000 for the first time in over ten days following the news. This happened just a few hours after the incident was announced. On the other hand, TRUMP coin experienced a significant surge of over 63% within less than an hour of the dramatic event unfolding.
During the year 2024 and likely beyond, Santiment indicates that the market’s reaction to major US political news will continue to cause volatility, notably in sectors prone to speculation like cryptocurrencies.
Responses From Major Figures in The Industry
Major figures in the crypto community have expressed supportive reactions on social media following the attempted shooting at Donald Trump’s Saturday rally campaign.
Leading influencers in the cryptocurrency sphere, including tech mogul and Bitcoin supporter Elon Musk, have voiced approval for former President Donald Trump’s recent pro-crypto initiatives. Musk publicly declared his backing for Trump, adding, “I wholeheartedly endorse him and wish for a swift recovery.”
Justin Sun, the founder of Tron, once publicly endorsed Donald Trump for the upcoming presidency. He expressed his belief that Trump would be more favorable towards the crypto industry and promote fairer treatment. However, Sun’s endorsement post was later removed from public view, fueling rumors that his stance on Trump might have shifted.
Read More
- BTC PREDICTION. BTC cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- MNT PREDICTION. MNT cryptocurrency
- ETHW PREDICTION. ETHW cryptocurrency
- Ethereum (ETH) Crashes Dramatically, What’s Next? Solana (SOL) Can Still Reach $200, XRP Struggling Before $0.63 Test
- Scream 7 Needs To Unite The Fanbase
- SOL PREDICTION. SOL cryptocurrency
- Pokemon Fan Shares Adorable Twin Umbreon Rug
- Lucky Animal Crossing: New Horizons Player Discovers Infinite Clam Glitch
- How to Farm Skill Point (SP) in Fire Emblem Heroes
2024-07-15 23:42