Bitcoin (BTC) posted significant gains on Saturday following reports that former U.S. President Donald Trump, the leading Republican Party candidate for the 2024 election, was attacked at a campaign rally in Pennsylvania on July 13.
Bitcoin's price jumped from $58,300 to a peak of $59,800 in less than an hour, marking its highest level in a week. BTC is currently trading at $62,500, up 4.7% in the last 24 hours.
Trump's recent high-profile support for the cryptocurrency, which contrasts with current President Joe Biden's stance, may also be playing a role. Some investors believe that surviving an apparent assassination attempt could bolster Trump's campaign, potentially leading to more favorable regulation of cryptocurrencies if he wins the election.
Former US President Donald Trump was shot during a campaign rally in Butler, Pennsylvania. One rally attendee was killed and two were injured. Security guards shot and killed the attacker. US President Joe Biden and several former leaders of the country have sharply condemned the political violence, many questions also to the secret services who missed the shooter.