Markets
Profitable Crypto Address Invests $16 Million in BTC
“The assassination attempt against [Republican candidate Donald Trump] July 13 had a dual impact on the price of bitcoin. As a pro-crypto candidate, the increased chances of a Trump victory sparked a positive market reaction. At the same time, the event increased global instability, causing bitcoin, often considered a risk asset, to surge more than 10%, with prices surging above $63,000,” Pedro Lapenta, head of research at Hashdex, said in an email.