Bitcoin hits $60,000 as Trump shooting boosts re-election chances

Bitcoin exceeded $60,000 after Donald AssetDonald Trump’s provocative response to an assassination attempt has sparked speculation that his chances of winning the presidential election have increased.

The former president, who has positioned himself as pro-crypto, said he was shot in the right ear after gunfire erupted at his political rally in Pennsylvania on Saturday. His campaign said he was “fine” after the incident and was looking forward to the Republican National Convention that begins Monday in Milwaukee.

Donald Trump’s chances of becoming president again have increased after today’s events, according to data from PredictIt. Images of a defiant Trump — his fist raised above his head and his right ear bloodied, with the American flag flying in the background — have been circulating on social media and television following the attack.

ETMarkets.com

Cryptocurrency Tracking

President Joe Biden said he was glad Trump was safe and condemned the violence. Markets are expected to react with higher volatility and could repeat the trades used when last month’s debate went favorably for Trump. In that case, the U.S. dollar gained and Treasury yields climbed. Bitcoin rose as much as 2.7% to $60,160.71 as of 1:05 a.m. in New York. crypto The token has stabilized in recent days on optimism that ETFs from titans such as BlackRock Inc. and Fidelity Investments provide the kind of core demand that can temper price swings.

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