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Cryptocurrency Market Sentiment Strengthens Amid Political Turmoil Involving Donald Trump – Santiment
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In an intriguing turn of events, the cryptocurrency market has seen optimistic responses following recent reports of an assassination attempt on former US President and Republican presidential candidate Donald Trump. When information about the attempt surfaced, the market and community saw positive reactions, including digital assets such as Bitcoin and the Trump-inspired coin TRUMP.
The cryptocurrency market saw an immediate reaction after reports of the incident
According to the leading market intelligence platform, HolinessFollowing the attempted assassination of former US President Donald Trump on Saturday, the cryptocurrency market saw a positive response almost immediately.
During a presidential campaign event in Butler, Pennsylvania, on Saturday night, Trump was rushed off the stage after being shot while giving a speech. The former president was actually lucky because the bullet grazed his upper right ear, allowing the Secret Service to intervene and shield Trump from the stage. However, the Secret Service confirmed that Trump is safe and feeling better, as no further injuries were reported.
Given the magnitude of any attempt on the life of a public or non-public figure and the distinct political views in the cryptocurrency community, Santiment noted that there appears to be a bullish sentiment toward the presumptive Republican nominee for the 2024 U.S. presidential election.
The bullish trend highlighted by Santiment is due to Trump’s sudden acceptance of digital assets, which has caused a certain frenzy in the community in recent weeks, as most enthusiasts have responded positively to pro-Trump news. “It goes without saying that surviving an assassination attempt is perceived as pro-Trump news. Therefore, bullish responses have occurred accordingly,” the platform added.
Following the news, Santiment reported that Bitcointhe leading digital asset, witnessed a bounce to the $60,000 level for the first time in more than 10 days, just hours after the report. Meanwhile, the BRISCOLA The coin surged by more than 63% in less than an hour after the dramatic crash.
Therefore, Santiment noted that for the duration of 2024 at least, this type of market reaction will persist in response to major US political news. This is especially evident in an industry that is always driven by speculation, such as cryptocurrencies.
Responses from important figures in the sector
The attempted shooting on Donald TrumpLife on the Saturday’s protest campaign has garnered a number of positive reactions from prominent figures in the cryptocurrency industry on social media.
Prominent figures such as cryptocurrency advocate and billionaire Elon Musk have expressed their support for the former president’s recent pro-crypto efforts. “I fully support President Trump and look forward to his quick recovery,” Musk said. declared sharing a video of the accident.
Tron founder Justin Sun has also been spotted expressing his support for Trump. According to Sun, he believes Trump is the best choice for the cryptocurrency industry and can ensure fairer treatment, which has fueled his support for the former president as the election approaches. Sun’s post was short-lived, as the founder removed it, sparking speculation that he may have changed his mind about Trump.
Featured image from Shutterstock, chart from Tradingview.com