{"id":103671,"date":"2024-07-15T15:08:56","date_gmt":"2024-07-15T11:08:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=103671"},"modified":"2024-07-15T15:08:59","modified_gmt":"2024-07-15T11:08:59","slug":"bitcoin-price-surges-on-speculation-of-trumps-second-term-following-assassination-attempt","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/bitcoin-price-surges-on-speculation-of-trumps-second-term-following-assassination-attempt\/07\/15\/market-updates\/","title":{"rendered":"Bitcoin Price Surges on Speculation of Trump&#8217;s Second Term Following Assassination Attempt"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p>Bitcoin&#8217;s price experienced a significant rebound on Monday, recovering from recent lows, as markets reacted to the attempted assassination of former President Donald Trump. Speculation that the failed attack could boost Trump&#8217;s chances of a second term fueled the cryptocurrency&#8217;s rise, given his favorable stance on cryptocurrencies.<\/p>\n\n\n\n<p><strong>Key Points:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Bitcoin Rebounds:<\/strong> Bitcoin surged 4.6% in the past 24 hours, reaching $62,708.9 by early Monday. This marked a substantial recovery from the four-month lows it hit last week.<\/li><li><strong>Trump&#8217;s Crypto Support:<\/strong> Trump has expressed support for cryptocurrencies, particularly Bitcoin, during his recent campaigning efforts. He has stated his intention to ensure Bitcoin&#8217;s future is developed in the U.S. and reportedly accepts campaign donations in crypto.<\/li><li><strong>Assassination Attempt Impact:<\/strong> The failed assassination attempt on Trump has fueled speculation that it could bolster his popularity and improve his chances of winning the 2024 presidential election. This prospect, coupled with Trump&#8217;s pro-crypto stance, has driven up Bitcoin prices over the weekend.<\/li><li><strong>Mt. Gox Distribution Looms:<\/strong> Despite the recent rebound, the ongoing distribution of Bitcoin from the defunct crypto exchange Mt. Gox continues to pose a potential threat to the cryptocurrency&#8217;s price. The sudden increase in token supply from these distributions has been a key factor in Bitcoin&#8217;s recent slump.<\/li><li><strong>Altcoins Follow Bitcoin&#8217;s Lead:<\/strong> Broader crypto prices also recovered, with Ether rising 4.3% and other major altcoins experiencing gains.<\/li><li><strong>Rate Cut Expectations Boost Sentiment:<\/strong> Growing expectations of an interest rate cut by the Federal Reserve in September have further improved sentiment towards cryptocurrencies.<\/li><\/ul>\n\n\n\n<p><strong>In Summary:<\/strong><\/p>\n\n\n\n<p>Bitcoin&#8217;s price rebounded significantly on Monday, driven by speculation that the failed assassination attempt on former President Trump could increase his chances of a second term. Trump&#8217;s pro-crypto stance has fueled optimism among investors, although the ongoing distribution of Bitcoin from Mt. Gox remains a potential headwind. Additionally, growing expectations of a Federal Reserve rate cut have contributed to the positive sentiment in the crypto market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin&#8217;s price experienced a significant rebound on Monday, recovering from recent lows, as markets reacted to the attempted assassination of former President Donald Trump. Speculation that the failed attack could boost Trump&#8217;s chances of a second term fueled the cryptocurrency&#8217;s rise, given his favorable stance on cryptocurrencies. Key Points: Bitcoin Rebounds: Bitcoin surged 4.6% in &hellip;<\/p>\n","protected":false},"author":9,"featured_media":98301,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[40,36],"tags":[9231,9516,6867,7323],"class_list":["post-103671","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-cryptocurrencies","category-market-updates","tag-bitcoin-price","tag-etfs","tag-federal-reserve","tag-sec"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103671","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=103671"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103671\/revisions"}],"predecessor-version":[{"id":103672,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/103671\/revisions\/103672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/98301"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=103671"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=103671"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=103671"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}