ISLAMABAD, JULY14: In the hours that followed a shooting attempt on former President Donald Trump, who is anticipated to be the Republican nominee for the US presidential election in 2024, the price of Bitcoin shot beyond $60,000.
Trump was attacked during a campaign rally, but he managed to survive and was helped to safety by others. In the hours following the revelation, CoinGecko reports that the price of Bitcoin shot up to $60,224, the highest level in the previous week.
However, Bitcoin gains are negligible in contrast to meme coins with Trumpian themes. The biggest increase was seen by TREMP, which increased by 71% in a single day to $0.66. MAGA saw a 33 percent increase and TRUMP saw a 39 percent increase.
Trump has set himself apart from current President Joe Biden, his rival in the 2020 election, by becoming a fervent advocate of cryptocurrencies. After surviving the attempted assassination, some cryptocurrency bettors and investors think that Trump’s campaign will pick up steam in the upcoming months. Additionally, they believe that, in contrast to a second term under Biden, a Trump victory will result in more favorable regulatory conditions for the cryptocurrency business.
