Bitcoin reaches $60,000 after Donald Trump shot at

[NotATether]

From Reddit:

https://old.reddit.com/r/CryptoCurrency/comments/1e2v0d1/bitcoin_reaches_60000_after_shots_being_fired_at/

WTF!!

This happened just hours after the shooting.

Some people are really trading in degen mode today.

From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.

[Kemarit]

Yeah, so the price reaches $60,000 because of this incident, but then again, how can this be related? And perhaps this is not a good sign though, I mean there could be some manipulation again by big entities to suckered newbies and noobs to think that this could be the start of the bullish pattern. And then they are going to make  sell when the price hits $65,000?

So let's see, as long though we are here for the bigger picture, we might not be affected or at least the selling point for us is 2025 when we see the price hitting 6 digits.

Almost all of the top coins though seems to enjoy a good spike in the last 8 hour time frame.

[Zed0X]

It was fun reading the comment section on reddit ('The BULLet Run' was my favorite) . Anyway, I agree with the one that said whales are just playing with the assassination attempt. After all, anything major (politics/economics) that happens in US affects almost everything around the world including crypto.

I noticed altcoins with Trump's name also pumped in the last 24H. They makin money as well

[pakhitheboss]

From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.

You have already answered it and it is now clear that the path for Trump becoming the next president is clear of all hurdles. Unless the deep state which has been trying to get this guy out of the race comes up with another idea. Tucker Carlson had predicted that an assassination attempt on Trump was on the card. The market is reacting to his heroism because, after being shot, he stood up and raised his hand. This act will go down in history and he will be remembered for many years to come. It was truly very encouraging.

[electronicash]

From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.

You have already answered it and it is now clear that the path for Trump becoming the next president is clear of all hurdles. Unless the deep state which has been trying to get this guy out of the race comes up with another idea. Tucker Carlson had predicted that an assassination attempt on Trump was on the card. The market is reacting to his heroism because, after being shot, he stood up and raised his hand. This act will go down in history and he will be remembered for many years to come. It was truly very encouraging.

suddenly Trump raising his fist and a flag behind it looks cool to be in the front page calling for revolution.  i think this is where it all will began and it was predicted also by JPMorgan that p[rice will go up sooner. the didn't wait for next month.  maybe its really a revolution since BTC been the face of financial revolution since time and then Trump as they branded him for the Jan6 attempt. 

not a normal scene in US election because the two political party divided the US citizen, its going to be a crazy election. and BTC being part of Trumps campaign makes the market better.

[LogitechMouse]

This is why investing in cryptocurrency is very exciting. You don't know what can happen with the price of Bitcoin. What's next though? If there will be another "assassination attempt", the price will jump again maybe from $60,000 to $65,000?

TBH, I can't see the connection. Maybe him showing that he will still fight for presidency despite the attempt has been a positive sign for those crypto investors in the US since we've seen Trump saying positive things about Bitcoin that cause the price to rise up? Excluding the crypto part, I'm afraid that incidents like this might happen again as he visits other states.

I don't want to jump to conclusions, but the state is where their current president with dementia lived. Hmmm. 

[TomPluz]

You have already answered it and it is now clear that the path for Trump becoming the next president is clear of all hurdles. Unless the deep state which has been trying to get this guy out of the race comes up with another idea. Tucker Carlson had predicted that an assassination attempt on Trump was on the card. The market is reacting to his heroism because, after being shot, he stood up and raised his hand. This act will go down in history and he will be remembered for many years to come. It was truly very encouraging.

Unless something dramatic will emerge from the Democratic side, Republican's DONALD J. TRUMP is now posed to get back to the White House come January 20, 2024. All the polls are indicating he is leading in the nationwide or popular vote and he is solidifying his power and strength in the swing states where the election will be decided...and the shocking part he is even encroaching into some blue states making them at play. With the PARKINSON JOE's candidacy on the ICU because many of his party mates do not anymore believe he can win the election, the assignation attempt will even further the lead for Trump and can be the biggest reason why he will receive surge in donation. After all the lawfare launched against the man and all the shenanigans he endured, many are looking at Trump as the man of the hour. And the cryptocurrency community is now supporting Trump after the Biden administration is NOT treating well the industry for years. Some are even coining the term TRUMP EFFECT and the explains why there seems to be a big boost for Bitcoin (now standing at $62K) and some Trump-based memecoins.

[ABCbits]

From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.

But don't forget that phrase "Correlation does not imply causation" exist. There has to be other reason Bitcoin price reaches $60K. Besides, some news report the suspect behind the shooting is also fellow republican.

[Husires]

The only time I remember Bitcoin being linked to a political or economic event was COVID19 pandemic, and after that there was interaction with the events, but we cannot be certain that these events had an impact on the price.
You will find analyzes that link Bitcoin prices to stocks, Federal Reserve meetings, etc., but their impact is greater than the impact of political variables.

[Stompix]

From the comments section, nobody can understand how these two events are connected to each other. Since Trump is allegedly the pro-crypto candidate.

They are not completely unrelated or independent as Bitcoin was already on a green pattern but the reasoning is simple, Trump is seen as pro-crypto and this assassination attempt basically cemented his claim, unless something else happens at this point he will win the election, so, the market is pricing in November by now.

[Gposas]

Looking at this attempt of assassination, I don't really comprehend the connectivity with the price of BTC growing higher from the price it was trending... But however, this has led to a green candle in the price of altcoins and also raising the market cap.
In conclusion we can vividly see that there is a link somehow between the crypto market and the US.

[electronicash]

did you see some crypto channels connecting this to Blackrock ad where Matt Crooks (the shooter) is part of the Blackrock ad?  This is the video about it . somehow they are saying Blackrock has something to do with this assassination.     maybe Blackrock doesn't want people buying BTC?

they were saying by the way that this kid is being bullied every now and then in their school who graduated 2 years ago in high school. he didn't end up like those guys who randomly shoots everyone in the school but he targets US president Trump. 

[Gurujebs]

It was fun reading the comment section on reddit ('The BULLet Run' was my favorite) . Anyway, I agree with the one that said whales are just playing with the assassination attempt. After all, anything major (politics/economics) that happens in US affects almost everything around the world including crypto.

I noticed altcoins with Trump's name also pumped in the last 24H. They makin money as well

I saw more of his reels on social media with 50 cent song trending everywhere and there is a particular show 50 cent did today and used his head on his body with throwback of his song when he was shot in the year 2000. I think this our generation is unserious one, the past residential assassination remain in the history forever but people were taken this as a joke. Lmao

I also noticed a lot of alts pump and not just alts but memes like Fight, Trump and many more were launch in today. These are just some opportunist sitting on the bench with some few cash for liquidity to lunch some useless coins and exit quickly but people invest in whatever they want and that's why I like crypto because when you lost later, you dare not complain.

[Captain Corporate]

We could potentially see this as markets reacting to Trump almost guaranteed the win. I mean we don't know whats going to happen for the rest of the days until the election, anything could happen obviously but at this moment its %100 Trump if it was this Sunday, we need to possibly see something else that makes Trump a bad guy and Biden a good guy again, just like how it was last election that got Biden to win. I think its quite fair to say that we are going to see a ruthless 4 years of Trump trying to get as much power grab as he can, like he did last time with the courts, and not going to be nice for Americans for a looooong time. However, will be quite nice for crypto, he likes it, so we should be fine there.

[Charles-Tim]

We could potentially see this as markets reacting to Trump almost guaranteed the win.

This is what that I am also thinking. I hope Trump will not disappoint. I read recently that the person that would be his vice is a crypto friendly person. Let us see how it would be. I think Trump might win the next United States presidential election that is coming in the next 3 month or so.