Former US President Donald Trump After the assassination attempt Bitcoin The price has increased by regarding 10%.
Pro-crypto presidential candidate Trump’s chances of returning to the White House have increased following the shooting, leading investors to expect bitcoin to hit record highs this year, according to leading bookmakers.
On Monday, the price of the cryptocurrency rose above a two-week high of $63,000. Earlier this month, the cryptocurrency hit a low of $53,000. However, the cryptocurrency is far from reaching its all-time high of $73,000 in March.
Crypto observers say an ‘unpredictable event’ halted Bitcoin’s downward trend. He also cited other factors in the rise in Bitcoin’s price.
“Cryptocurrencies played a positive role in increasing Trump’s chances of victory following (Trump’s) assassination attempt,” said Alex Kopitsekevich, senior market analyst at online broker FXPro.
“Buyers were pleased to see that the market held steady despite selling $2.9 billion worth of bitcoins seized by German authorities. This shows that people are very interested in buying cryptocurrencies.’
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Trump will address the Bitcoin 2024 conference in Nashville later this month. After the shooting incident at Trump, event organizer David Bailey has confirmed his arrival at the event.
Bailey added that the presidential candidate will ‘give a speech that is heard around the world.’
After initially expressing skepticism regarding Bitcoin, calling it a ‘conspiracy once morest the dollar’ in 2021, Trump has changed his stance and is now a supporter of decentralized cryptocurrencies.
“Bitcoin mining may be our last line of defense once morest CBDC (Central Bank Digital Currency),” Trump wrote in a post on TruthSocial in June.
‘Biden’s hatred of bitcoin only helps China, Russia and far-right communists. We want the rest of the Bitcoin to be produced in America. This will give us dominance in the energy sector.’
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2024-07-16 00:05:46
