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Bitcoin Hits 2-Week High on Trump Re-Election Chances (Cryptocurrency: BTC-USD)
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- Bitcoin surges above $60,000 to hit a two-week high after a prediction market showed higher expectations that the attempted assassination of former President Donald Trump increases his chances of winning the election.
- Trump, who is scheduled to speak at a bitcoin event on July 27, posted on social media that he was shot in the right ear during a political rally in Pennsylvania on Saturday. His campaign said he was “fine” after the shooting and was looking forward to attending the Republican National Convention, which begins in Milwaukee on Monday.
- Bitcoin rose 2.7% in value to around $60,160.71 early Sunday morning in New York.
- Judging by the market reaction after last month’s debate between Trump and President Joe Biden, the value of the U.S. dollar could rise in tandem with Treasury yields.