Bitcoin and Memecoins Surge Following Attack on Trump at Pennsylvania Rally
Bitcoin surged on Saturday after reports of an attack on former U.S. president and 2024 presidential candidate Donald Trump during a campaign rally in Pennsylvania.
What’s the significance: The incident caused immediate market reactions, with Bitcoin climbing to its highest price in the past week.
- This price movement highlights how significant real-world events can quickly influence cryptocurrency values.
Former U.S. President Donald Trump was attacked during a campaign rally in Pennsylvania, where loud noises resembling gunshots prompted immediate action by Secret Service agents.
- Trump was seen with blood on his face but is reported to be safe, while the shooter was killed by the Secret Service.
- The incident is being treated as an assassination attempt by law enforcement authorities.
The numbers:
- Bitcoin’s price jumped from $58,337 to a high of $59,838 within an hour on Binance.
- Meme coins inspired by Trump, such as TREMP, saw a 41% increase to $0.54, while TRUMP and MAGA rose by 23% and 33%, respectively.
Why is the price moving with Trump news?
- Trump’s recent support for cryptocurrency distinguishes him from other political figures.
- His pro-crypto stance may contribute to market movements when news about him surfaces.
How does the rest of the market looks like:
What to watch next: Monitor further updates on Trump’s condition and any subsequent news related to his campaign. Additionally, observe the ongoing price movements in Bitcoin and Trump-related meme coins
This article is published on BitPinas: Bitcoin and Memecoins Surge Following Attack on Trump at Pennsylvania Rally
What else is happening:
