Bitcoin crossed the $60,000 mark per coin recently in response to news of an attempted attack on former President Donald Trump, anticipated to be the Republican nominee for the 2024 US elections.
During a campaign rally, Trump survived an attack and was safely escorted away. CoinGecko reported a rapid increase in Bitcoin’s value, rising from $58,337 to $60,224 within hours, marking its highest price in the past week.
The surge in Bitcoin’s price was overshadowed by gains in Trump-themed meme coins. TREMP saw a significant 71% increase, reaching $0.66, while TRUMP rose by 39% and MAGA by 33% over 24 hours.
Trump’s vocal support for cryptocurrency has set him apart from his opponent, current President Joe Biden, in the upcoming election. Following the attempt on his life, some investors and analysts speculate that Trump’s campaign will gather momentum in the months ahead. They also foresee potential regulatory advantages for the crypto industry under a Trump administration compared to another term under Biden.
