The assassination attempt on former US President Donald Trump has had a significant impact on cryptocurrency. Early Monday, Bitcoin’s price jumped to around USD 62,800, an increase from below USD 59,000 prior to the assassination attempt on Sunday.
![Representational image of a Bitcoin. Photo courtesy: Unsplash](https://wp-rewamp.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/2024/07/Bitcoin-Unsplash-jpg.webp)
The ripple effects of this price surge were felt across the broader cryptocurrency market. Coinbase (COIN), a leading crypto exchange, saw its stock rally 5.5 percent early Monday, pushing it back above its 50-day moving average.
Bitcoin miners also experienced significant gains such as-
- Marathon Digital (MARA) – Up 4.6 percent.
- CleanSpark (CLSK) – Bolted 6.5 percent.
- Hut 8 (HUT) – Rallied 8.5 percent.
- Core Scientific (CORZ) – Swung 6 percent higher.
- Iris Energy (IREN) – Jumped 5 per centearly Monday.
According to reports, on PredictIt, a popular betting platform, Trump’s odds of retaking the White House surged from about 60 percent to 66 percent following the shooting.
![Donald Trump after being shot](https://wp-rewamp.s3.ap-southeast-1.amazonaws.com/wp-content/uploads/2024/07/Donald-Trump-after-being-shot-X-@DonaldJTrumpJr-jpeg.webp)
The former US President was addressing an election rally in Pennsylvania on Sunday when a sniper shot at him. While he managed to survive, the bullet grazed his right ear, leaving him with a bloodied face.
(The article is published under a mutual content partnership arrangement between The Free Press Journal and Connected to India)