Assassination Attempt of Trump Causes Crypto Market Chaos

🇺🇸 The attempted assassination of Donald Trump occurred approximately 8 hours ago, and crypto markets had an immediate reaction.

📈BTC rebounded as high as $60.3K, a 10-day high
📈TRUMP surged +63% as the news broke

Taking into account the serious matter of any assassination attempt of a public (or non-public) figure, as well as crypto's vastly different political stances, it is undeniable that a bullish bias has been visible around the 2024 US presidential candidate.

As we near elections this fall, the cryptocurrency community has generally shown bullish responses toward pro-Trump news, due to his recent pro-crypto comments. It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred as a result.

Regardless of your political stance (or lack thereof), note how much these types of market reactions will continue on any notable US political news for at least the rest of 2024, especially in an always speculative-driven sector like cryptocurrency.