of Bitcoin Price The stock price soared to above $63,000 after the assassination attempt at a campaign rally for former U.S. President Donald Trump.
Bitcoin rose nearly 10% from under $58,000 on Friday to more than $63,000 by Monday morning. The surge came after a gunman opened fire at a Trump rally in Pennsylvania on Saturday.
meanwhile Trump Although Trump survived with minor injuries, analysts have linked the rise in Bitcoin prices to the growing likelihood of Trump winning the November presidential election. Trump’s embrace of Bitcoin and cryptocurrencies and his pledge to remove regulation make him the preferred candidate for many Bitcoin supporters.
Furthermore, the Donald Trump team confirmed He will be attending the Bitcoin 2024 conference in person in Nashville in two weeks, further proving his enthusiasm for Bitcoin.
Trading volumes surged on exchanges as Bitcoin surged above its 200-day moving average, with some analysts viewing the ability to hold this technical level as a bullish signal after weeks of downward pressure.
The rally helped Bitcoin recover from lows near $53,000 earlier this month. Mount Gox Payment and German Government Markets have been shaken, with traders hoping the latest bounce marks a definitive bottom.
Bitcoin is recovering above $60,000 after a tough few weeks, and if this surge continues, it could return to all-time highs on hopes of a Trump presidency.
