Bitcoin rises to more than USD62K after Donald Trump's assassination attempt
Date
7/16/2024 4:16:37 AM
(MENAFN) Bitcoin, the leading digital cryptocurrency, soared to its highest level in a week, surpassing USD62,000 per unit, following news of an attempted assassination on former US President and Republican presidential candidate, Donald Trump. Trump, known for his support of digital currencies, saw his candidacy potentially bolstered by the incident, prompting a 4.5 percent increase in Bitcoin's price to USD62,609 by 5:15 AM London time. The surge also buoyed smaller CryptoCurrencies like Ether, which rose approximately 4 percent in response.
The assassination attempt occurred during a campaign rally in Pennsylvania, resulting in one fatality—the shooter—and minor injuries to Trump, who was reportedly grazed in the ear. This unexpected turn of events sparked market reactions, with investors flocking towards digital assets perceived as safe-haven investments during times of political and economic uncertainty.
Bitcoin's rally underscores its role as a barometer of investor sentiment amidst geopolitical events. The cryptocurrency's price movement reflects heightened investor interest and confidence in its long-term value, particularly in uncertain market conditions. As global markets react to unfolding developments, Bitcoin's resilience and appeal as a decentralized digital asset continue to influence broader financial markets, signaling its growing significance in the digital economy.
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