Key Points
- Former President Donald Trump’s assassination attempt has caused a surge in Bitcoin’s value.
- Trump’s pro-crypto stance has increased his election odds to 71%, according to polls.
The assassination attempt on former President Donald Trump on July 14th has deepened the political divide in the United States.
Trump’s Crypto Affinity
Despite the increased tensions, Trump has confirmed his attendance at the upcoming Bitcoin Conference in Nashville, Tennessee. His commitment has had a significant impact on the crypto community.
David Bailey, CEO of Bitcoin Magazine and one of the event’s organizers, confirmed Trump’s status and his excitement to address the event.
Bitcoin’s Unexpected Surge
Interestingly, the assassination attempt had a positive effect on the cryptocurrency market. According to Reuters, Bitcoin reached a two-week high on July 15th, the day after the assassination attempt.
The latest figures show Bitcoin trading at $63,650, up by 1.20%. The Relative Strength Index (RSI) at 57.8 signals a strong bullish sentiment.
It appears that Bitcoin experienced a bullish reversal on July 14th, the day of the assassination attempt.
Trump’s Election Prospects
Trump’s strong support for cryptocurrency may have boosted his chances in the upcoming election. Tony Sycamore, a market analyst at IG, commented that Trump’s pro-crypto stance has significantly boosted the crypto markets.
Data from the Polymarket prediction market confirms this trend, with Trump leading the charts with 71% of the votes, while President Joe Biden stands at 17%.
