As a crypto investor with several years of experience under my belt, I’ve seen my fair share of market volatility caused by various events, but the attempted assassination of former US President Donald Trump during a rally in Pennsylvania took things to a whole new level.


In the previous day, the most significant development centered around the US Republican presidential candidate, Donald Trump, who was involved in a shooting incident at a campaign rally in Pennsylvania.

In recent hours, the news has dominated headlines and caused unexpected turbulence in the cryptocurrency markets over the weekend, a phenomenon that is not commonly observed.

Based on current news, Thomas Matthew Crooks, who is 20 years old, is acknowledged as the individual implicated in the assassination attempt against the ex-US President Donald J. Trump.

A shooting occurred at a rally in Butler, Pennsylvania within the past 12 hours. Donald Trump was escorted off the stage, bearing injuries to his ear and face.

Approximately forty years have passed since the last instance of a prominent American politician being publicly targeted in a shooting, an event that occurred when John Hinkley Jr attacked Ronald Reagan in 1981.

The BBC reports that Trump was admitted to a nearby hospital and has since been discharged, returning to his residence in New Jersey.

In his initial tenure as president, Donald Trump openly expressed criticism towards Bitcoin and the cryptocurrency sector. However, during his latest presidential campaign, his views appear to have shifted, setting him apart from the current President, Joe Biden, who maintains a consistent stance on the matter.

It’s not surprising that the shooting caused significant turmoil in the crypto market, resulting in considerable volatility for many assets.

On typical weekends, Bitcoin’s price action tends to be lackluster. However, last Saturday (US time) saw some significant events unfold, causing substantial price increases. The value of Bitcoin rose from $58,300 to $60,400 in just a few hours.

Although Bitcoin has experienced a setback and is no longer at the $60,000 level it previously held, it remains relatively close to that price.

Massive Volatility in Crypto Markets Amid Donald Trump Shooting

Read More

2024-07-14 10:10