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Trump Survives Shooting At Pennsylvania Rally, Crypto Markets React
Photo by Watcher Guru on X.
Key points to remember
- Donald Trump was attacked at a rally in Pennsylvania but was unharmed.
- After the attack, the price of the TRUMP (MAGA) memecoin jumped 42%.
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Former President Donald Trump was shot at a campaign rally in Butler, Pennsylvania. The incident occurred shortly after Trump began his speech, prompting immediate security action. Cryptocurrency markets rallied on the news.
Several gunshots were heard during the outdoor event, forcing Trump’s bodyguards to quickly surround him. Armed officers took up defensive positions in front of the stage as Trump ducked under the podium. The U.S. Secret Service then escorted Trump to a waiting vehicle.
As he was being carried off stage, Trump repeatedly raised his fist toward the crowd and shouted, signaling that he was unharmed. However, images later surfaced on social media appearing to show Trump with blood on his right ear and the right side of his face. CNN reported that Trump was injured, but provided no further details on their nature or severity.
Following the incident, cryptocurrency markets saw a notable price action. The value of the Solana TRUMP (MAGA) meme surged by 42% within minutes of the news breaking. Bitcoin also surged, surging past the $59,000 mark. This market reaction highlights the growing intersection between political and economic events and cryptocurrency price movements.
The shooting comes as Trump recently embraced cryptocurrency as part of his 2024 presidential campaign, with major crypto companies and figures joining in. pledge support.
It should be noted, however, that not everyone in the cryptocurrency industry supports Trump, who is now a convicted felon. Arthur Hayes, co-founder of BitMEX, recently published a post criticism of Trump’s complacency towards crypto, comparing his distrust to Malcolm X’s comments during the 1964 US presidential race and how politicians only support issues and topics based on their chances of getting votes.
“Just like Malcolm in 1964, I doubt Trump’s sincerity. He cares about getting elected and will say whatever it takes to get your vote. If Biden and the Democrats were pro-crypto, Trump would be anti-crypto. It’s just good politics,” Hayes said.
Trump has pledged to ease regulations on cryptocurrencies if re-elected, and the Republican National Committee has adopted a pro-crypto platformEarlier this month, former President Donald Trump confirmed his participation as a speaker at a Bitcoin conference in Nashville, emphasizing his support for the crypto industry.
The incident could further galvanize support from cryptocurrency-loving voters, while raising concerns about security at political events in an increasingly polarized election season.
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