Bitcoin price rises to $63k after Trump shooting, driven by potential re-election boost

From Investing.com

July 15, 2024 01:46:09 AM:

Bitcoin price surged 4.6% to $62,708.9 post assassination attempt on Trump. Speculation that a successful attack could boost his chances of re-election drove up prices. Trump has shown support for crypto, accepting donations and promising a U.S.-made Bitcoin future. Mt Gox distributions still ongoing, impacting market sentiment.

Altcoins also saw gains as Bitcoin recovered. Ethereum rose 4.3% to $3,338.85, while XRP and Litecoin also saw upticks. Meme tokens like Dogecoin and Shiba Inu followed suit. Positive sentiment in the crypto market due to expectations of a Federal Reserve interest rate cut in September.

Read more at Investing.com: rebounds to near $63k after Trump shooting By Investing.com