Trump Assassination Attempt Triggers Crypto Market Rally, Says Santiment

Crypto analytics firm Santiment reports that digital asset markets responded swiftly to the assassination attempt on former President Donald Trump. 

At a Pennsylvania rally, Trump was shot but survived with minor injuries. The incident led to immediate market reactions, with Bitcoin rebounding to a 10-day high of $60,300 and the Trump-inspired memecoin. TRUMP, surging by 63%. Santiment notes that the crypto community has shown bullish responses to pro-Trump news. Including his recent pro-crypto comments, highlighting how political events can influence market trends. Bitcoin has since risen to $63,004, while TRUMP has seen a slight decline. 

Trump’s shift towards a pro-crypto stance has garnered support from conservative voters, as evidenced by a Paradigm poll. Trump is also expected to speak at the Bitcoin 2024 conference in Nashville later this month.

Clever Robot News Desk 16^th July 2024