Cryptocurrency Market Sentiment Rallies Amid Political Turmoil Involving Donald Trump – Santiment
In an interesting turn of events, Cryptocurrency Market Cryptocurrencies have seen an upbeat reaction following recent reports of an assassination attempt on former US President and Republican presidential candidate Donald Trump. As the information surrounding the attempt emerged, the market and society have seen positive reactions, including digital assets such as Bitcoin and the Trump-inspired coin TRUMP.
The cryptocurrency market saw an immediate reaction following reports of the incident.
According to To the top of the market intelligence platform, saintFollowing the assassination attempt on former US President Donald Trump on Saturday, the cryptocurrency market saw a positive response almost immediately.
During a presidential campaign rally in Butler, Pennsylvania, on Saturday night, Trump was rushed offstage after being shot while giving a speech. The former president was fortunate enough to have been shot in the upper right ear, allowing the Secret Service to intervene and remove Trump from the stage. However, the Secret Service confirmed that Trump was safe and feeling well, as he had not suffered any further injuries.
Given the scale of any attempted assassination of a public or non-public figure and the distinct political outlook in the crypto community, Santiment noted that a bullish bias appears to have developed around the presumptive 2024 Republican presidential nominee.
This bullish bias, confirmed by Santiment, is due to Trump’s sudden embrace of cryptocurrencies, which has caused a frenzy in the community in recent weeks, with the majority of enthusiasts responding positively to pro-Trump news. “Needless to say, surviving an assassination attempt is seen as pro-Trump news. Hence, the bullish response has occurred as a result,” the platform added.
Following this news, the newspaper Santiment reported that: BitcoinBitcoin, the leading digital asset, rebounded to $60,000 for the first time in more than 10 days, just hours after the report was released. at the same time, trump card The value of the coin rose by more than 63% less than an hour after the tragic incident.
Santiment therefore highlighted that at least through 2024, such market reactions to major US political news will continue. This is particularly evident in a sector that is always driven by speculation, such as cryptocurrencies.
Reactions from industry figures
Try to shoot Donald TrumpThe “Bitcoin Lives on Saturday” campaign has elicited many positive responses from major crypto figures on social media.
Prominent figures like cryptocurrency advocate and billionaire Elon Musk have expressed support for the former president’s recent efforts on behalf of cryptocurrencies. “I fully support President Trump and wish him a speedy recovery,” Musk said. advertiser While sharing a video of the incident.
As seen by Tron founder Justin Sun. to express His support for Trump. According to Sun, he believes that Trump is the best choice for the crypto industry and can ensure fairer treatment, which led him to endorse the former president as the election approached. Sun’s post lasted for a short time as the founder deleted the post, sparking speculation that he may have changed his mind about Trump.
Featured image by Shutterstock, chart by Tradingview.com
