Markets
Cryptocurrencies Immediately React to Trump Assassination Attempt with Rallies on Potential Market Awakening: Santiment
Cryptocurrency analytics firm Santiment says digital asset markets have immediately adapted to the attempted assassination of former President Donald Trump, who is running for the throne in 2024.
On Saturday afternoon, during a rally in Pennsylvania, Trump was shot in what appeared to be an attempted assassination, narrowly surviving with only minor injuries.
According to Santiment, cryptocurrency markets are immediately he reacted to the assassination attempt, including Bitcoin demonstrations (BTC) and MAGA (BRISCOLA), the largest Trump-inspired memecoin.
“The attempted assassination of Donald Trump happened about hours ago and the cryptocurrency markets had an immediate reaction.
BTC bounced back to $60,300, a 10-day high.
TRUMP jumped +63% after the news broke.
Given the gravity of the issue of a possible assassination attempt on a public (or non-public) figure, as well as the extremely different political positions in the cryptocurrency industry, it is undeniable that a bullish trend has been observed towards the 2024 US presidential candidate.
As the election approaches this fall, the crypto community has generally shown bullish responses to pro-Trump news, due to his recent pro-crypto comments. Needless to say, surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred accordingly.
Regardless of your political stance (or lack thereof), note how these types of market reactions will continue to occur following any noteworthy US political news for at least the remainder of 2024, especially in an ever-speculative-driven sector like cryptocurrency.”
Source: Santiment/X
Bitcoin has surged since Santiment published the post, trading at $63,004 at the time of writing, up over 4% in the past day. Meanwhile, TRUMP is trading at 7.68%, down over 10% in the past 24 hours.
Trump, once openly anti-cryptocurrency, has changed his tune in the past year or so, as the asset class has increasingly become a talking point during the election and is now a favorite among cryptocurrency natives hoping for a more industry-friendly presidential administration.
A recent survey conducted by investment firm Paradigm indicate that Donald Trump’s pro-crypto stance is helping him win over Republican voters for the 2024 presidential election. The poll also suggests that conservative voters are embracing financial freedom and pro-crypto candidates.
“Republican candidates who advocate for cryptocurrencies, such as Sam Brown, Dave McCormick, and Bernie Moreno, have strong support for their positions among GOP voters.
Republicans strongly disagree with the Warren-Gensler worldview of centralized control: CBDCs (central bank digital currencies), debanking, and forcing all financial transactions through big banks. In short, Republicans understand the appeal of cryptocurrencies and support Congressional action to establish clear, predictable rules.”
Trump is destined to speak at the Bitcoin 2024 conference in Nashville, Tennessee, which will be held from July 25 to 27. The former U.S. president is expected to make an appearance on the final day of the event.
Don’t miss a beat – subscribe to receive email alerts directly in your inbox
Check Price Action
Follow us on X, Facebook AND Telegram
surf Hodl Daily Mix
 
Disclaimer: The views expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that transfers and trading are at your own risk and any loss you may incur is your own responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Image generated: DALLE3