Bitcoin Surges Past $60,000 as Trump Recovers from Attack
The post Bitcoin Surges Past $60,000 as Trump Recovers from Attack appeared on BitcoinEthereumNews.com.
A recent incident involving pro-crypto presidential candidate Donald Trump has made headlines. The altercation reportedly occurred during a rally in Pennsylvania where Trump sustained a gunshot wound to his right ear. Post-incident reports from Bloomberg indicate that Trump’s campaign team has assured the public of his well-being and his eagerness to attend the Republican National Convention in Milwaukee next Monday. Donald Trump Survives Assault: Bitcoin and Crypto Markets React Positively Sharp Uptick in Bitcoin and Crypto Markets Following Trump’s Recovery In the wake of the news that Donald Trump is in good health after the violent incident, the cryptocurrency market exhibited a remarkable upturn. Bitcoin (BTC) surged past the $59,000 mark initially, and further climbed to exceed $60,000 by morning. The incident not only solidified investors’ confidence but also acted as a catalyst for significant market movements. Short Position Liquidations Amidst Market Surge The recent uptrend in Bitcoin prices resulted in the liquidation of considerable short positions. Over the last 24 hours, short positions amounting to $65.6 million were liquidated, part of the overall $89.3 million liquidations noted during this period. This indicates a strong wave of bullish sentiment sweeping across the crypto market. Trump-Themed Meme Coin Skyrockets Interestingly, not only did mainstream cryptocurrencies like Bitcoin witness price hikes, but Trump-themed meme cryptocurrencies also saw significant gains. The meme coin known as Trump (MAGA) experienced a 40.3% increase in value in the same 24-hour period, a testament to the unique dynamics at play in the crypto asset space. Impact on Trump’s Crypto Holdings As market conditions favored upward movements, Donald Trump’s cryptocurrency wallet balances saw a marked increase. According to Arkham data, his crypto assets have reached a value of $10.8 million. Despite this growth, it is essential to note that this figure is still significantly lower than the peak…
Filed under: News - @ July 14, 2024 6:02 am