Markets
Crypto Market Rebounds as Donald Trump Assassination Attempt Could Boost His Chances of Victory, Bitcoin Above $60,000
Bitcoin Surges Above $60,000 After Former President Donald Trump’s Defiant Stance response for one murder attempt, fueling speculation that his chances of winning the presidential election have increased.
Trump, who has presented himself as pro-crypto, claimed he was shot in the right ear during a political rally in Pennsylvania on Saturday, according to a report by The Economic Times.
His campaign said he was “fine” after the incident and looking forward to attending the Republican National Convention, which begins Monday in Milwaukee.
Images of a defiant Trump — his fist raised, his right ear bloodied and the American flag waving in the background — flooded social media and television after the attack.
Markets will likely respond with increased volatility, possibly repeating the trading seen when last month’s debate favored Trump, which led to gains in the U.S. dollar and Treasury yields.
Bitcoin rose as much as 2.7 percent to $60,160.71 as of 1:05 a.m. in New York. The most-traded cryptocurrency has stabilized in recent days on optimism that ETFs from major companies such as BlackRock Inc. and Fidelity Investments provide a solid foundation that could moderate price swings.