Bitcoin rises after Trump shooting

» Updated: July 16 2024

» Published: July 14 2024

Bitcoin rises after Trump shooting
Photo: Kin Cheung/AP/TT

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The cryptocurrency bitcoin rose by 2.7 percent to over 60,000 dollars after the assassination attempt on Donald Trump and speculation that his chances of winning the presidential election in the autumn have increased. Trump has positioned himself as a supporter of cryptocurrencies.

Images of a defiant Trump with his fist raised above his head after the shooting and the American flag in the background are spreading on social media and on TV after the incident.

The markets are believed to react with higher volatility after the incident and trading may move in the same direction as after President Joe Biden's disastrous debate against Trump a couple of weeks ago. Then, the dollar strengthened and bond yields rose.

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TTT
By TTEnglish edition by Sweden Herald, adapted for local and international readers

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