Bitcoin rises after the assassination attempt on Trump

» Updated: July 16 2024

» Published: July 15 2024

Bitcoin rises after the assassination attempt on Trump - Eric Thayer AP/TT
Photo: Eric Thayer AP/TT

Share this article

The cryptocurrency bitcoin is regaining a large part of the declines earlier in July after the assassination attempt on presidential candidate Donald Trump in the USA over the weekend.

In early Monday trading, one bitcoin costs around 62,900 dollars, which is an increase from 56,200 just a week ago and the highest bitcoin exchange rate since July 2.

The shooting at Trump at a campaign meeting in Pennsylvania is believed by many analysts to increase the likelihood of Trump winning the presidential election in November, where he is challenging the incumbent president Joe Biden.

Trump is seen as a more crypto-friendly president than Biden and has, among other things, had several crypto profiles visiting the Mar-a-lago complex in Palm Beach, Florida, reports Financial Times. The Trump campaign also accepts cryptocurrencies as campaign contributions.

Tags

TTT
By TTTranslated and adapted by Sweden Herald

More news

Trump and Starmer Sign Trade Agreement Excluding Steel Tariffs
2 MIN READ

Trump and Starmer Sign Trade Agreement Excluding Steel Tariffs

G7 Leaders Aim to Persuade Trump to Ease Tariff Threats
1 MIN READ

G7 Leaders Aim to Persuade Trump to Ease Tariff Threats

Wall Street Rebounds as S&P 500 and Nasdaq Gain
1 MIN READ

Wall Street Rebounds as S&P 500 and Nasdaq Gain

Coffee Prices in Sweden Begin to Drop as Major Chains Lower Costs
3 MIN READ

Coffee Prices in Sweden Begin to Drop as Major Chains Lower Costs

Trump Organization Enters Telecom with New Phone Launch
1 MIN READ

Trump Organization Enters Telecom with New Phone Launch

79,000 Incorrectly Registered in Sweden, Tax Authority Reports
1 MIN READ

79,000 Incorrectly Registered in Sweden, Tax Authority Reports

Gasoline Prices Expected to Rise Soon Due to Oil Market Changes
2 MIN READ

Gasoline Prices Expected to Rise Soon Due to Oil Market Changes

Five New Scam Companies Added to Financial Supervisory Authority's Warning List
1 MIN READ

Five New Scam Companies Added to Financial Supervisory Authority's Warning List

Germany Engages with EU Nuclear Power Allies Amid Energy Shift
3 MIN READ

Germany Engages with EU Nuclear Power Allies Amid Energy Shift

Swedish Krona Leads G10 Currencies in Performance This Year
1 MIN READ

Swedish Krona Leads G10 Currencies in Performance This Year

Saab Partners with General Atomics for Unmanned Aerial Surveillance
1 MIN READ

Saab Partners with General Atomics for Unmanned Aerial Surveillance

Nordea and Landshypotek Reduce Mortgage Rates Ahead of Rate Decision
1 MIN READ

Nordea and Landshypotek Reduce Mortgage Rates Ahead of Rate Decision

Finnair Cancels 143 Flights from Helsinki Due to Industrial Action
1 MIN READ

Finnair Cancels 143 Flights from Helsinki Due to Industrial Action

Stockholm Stock Exchange Rises as OMXS Index Gains 1%
1 MIN READ

Stockholm Stock Exchange Rises as OMXS Index Gains 1%

Investigator Proposes Closing Sweden's Economic Crime Authority
2 MIN READ

Investigator Proposes Closing Sweden's Economic Crime Authority

Central Sweden Faces Higher Summer Electricity Prices Due to Reactor Maintenance
2 MIN READ

Central Sweden Faces Higher Summer Electricity Prices Due to Reactor Maintenance

Why the Stock Market Remains Resilient Amid Global Challenges
3 MIN READ

Why the Stock Market Remains Resilient Amid Global Challenges

High Unemployment Benefits Applications Signal Sluggish Labor Market
2 MIN READ

High Unemployment Benefits Applications Signal Sluggish Labor Market

Asian Markets Rise Amid Middle East Tensions
1 MIN READ

Asian Markets Rise Amid Middle East Tensions

Middle East Stock Markets Plunge Amid Conflict; Israel Sees Gains
1 MIN READ

Middle East Stock Markets Plunge Amid Conflict; Israel Sees Gains