Bitcoin peaks over $63k after Trump survives assassination attempt Bitcoin peaks over $63k after Trump survives assassination attempt
Failed attack on Trump sends Bitcoin soaring to multi-week high.
1 min read
Updated: Jul. 15, 2024 at 11:17 pm UTC
Gage Skidmore / CC BY-SA 2.0 / Wikimedia. Remixed by CryptoSlate
Bitcoin price soared above the $60,000 mark over the weekend following a failed assassination attempt against former US president Donald Trump.
According to CryptoSlate’s data, the flagship digital asset rose to a multi-week high of $62,980 during the early trading hours of July 15, with experts pointing out that the Trump situation re-awakened the market.
Blockchain intelligence platform IntoTheBlock stated:
“Bitcoin reclaimed the $62,000 support level after a strong weekend. While resistance is strong above, enough bullish momentum can prevent selling pressure.”
On July 13, Trump suffered an assassination attempt at a campaign rally in Pennsylvania. The presumptive Republican candidate was shot in the right ear but sustained no other significant injury.
Bitcoin conference
Despite the recent attempt at his life, Trump still plans to deliver his speech in person at the forthcoming Bitcoin Conference in Nashville.
On July 14, David Bailey, the CEO of BTC Inc., stated:
“I have just spoken with the President’s team. He is in good spirits and is excited to see you all in Nashville and deliver a speech that is heard around the world.”
The Bitcoin Conference corroborated this in a separate social media post while promising to provide additional security measures. It wrote:
“We know you have questions about security and what to expect at this historic event. We are actively engaged with our security teams and are fully cooperating with all the relevant parties to ensure a safe event.”
The Bitcoin Conference is the largest gathering of BTC enthusiasts globally, attracting around 35,000 guests in 2022. The event has a strong history of pro-crypto political attendance, with independent presidential candidate Robert F. Kennedy Jr., former Republican presidential candidate Vivek Ramaswamy, and Senator Bill Hagerty slated to speak this year.
Bitcoin Market Data
At the time of press 11:17 pm UTC on Jul. 15, 2024, Bitcoin is ranked #1 by market cap and the price is up 5.46% over the past 24 hours. Bitcoin has a market capitalization of $1.27 trillion with a 24-hour trading volume of $36.26 billion. Learn more about Bitcoin ›
Crypto Market Summary
At the time of press 11:17 pm UTC on Jul. 15, 2024, the total crypto market is valued at at $2.35 trillion with a 24-hour volume of $81.75 billion. Bitcoin dominance is currently at 53.80%. Learn more about the crypto market ›
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Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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A businessman, politician, and media personality, Donald John Trump served as the 45th president of the United States from 2017 to 2021.