Bitcoin rise in price, giving a green candle to memecoin (Pepe)

[Gposas]

After the attempted assassination of US former President Donald Trump, the crypto market experienced a significant spike in price resulting over 10% weekly rising of BTC reaching over 63k, and raising the Marketcap to over 2.2T.
However , this situation also gave an uptrend to other altcoins, The memecoins also experienced a swift turnover in price... (Pepe). This frog themed memecoin experienced a significant increase of over 15.6% in 24hrs and about 37% on a weekly view allowing a market-leading gain with it's trading volume reaching approximately 2.3 billion and incurring profits for traders.
Currently, Pepe is trending around 0.0000124. This experience also touched other top memecoins including DOGE, SHIB, WIF etc.
In conclusion it's clear that this has given a green candle to crypto market as a whole.

[AVE5]

Why this speculation going viral? So does it mean Donald Trumps is the engine room of cryptocurrencies?
On what way did this assassination attempt really got to influence he Crypto market? I'm not doubt of Trump being a Big Whale in the crytop sphere but how can an individual persuade the crypto markets by politics?

[bayu7adi]

I think this is the time for recovery and rebound... we all witness this kind of phenomenon almost very often, starting from the market experiencing a dump until it returns to normal again, it's like a scenario that has been repeated over and over... only the difference between it all is time to go through it all... sometimes we can see recovery in just a matter of weeks, but sometimes it also takes up to 3 years to reach the same point again after a bearish period...

Now the price is $65k... well at least it has increased almost 20% since the dump until the bottom was $56k.... a move that makes all holders happy.

[hugeblack]

There is no relationship. I can understand the psychological effect if it is related to Elon Musk, but even the psychological effect will not be effective. For example, several weeks ago Kabosu died, so Kabosu's picture became a meme, and thanks to him, memecoin gained its own meme effect, but this did not affect the price.

[Bobcrypto]

After the attempted assassination of US former President Donald Trump, the crypto market experienced a significant spike in price resulting over 10% weekly rising of BTC reaching over 63k, and raising the Marketcap to over 2.2T.
However , this situation also gave an uptrend to other altcoins, The memecoins also experienced a swift turnover in price... (Pepe). This frog themed memecoin experienced a significant increase of over 15.6% in 24hrs and about 37% on a weekly view allowing a market-leading gain with it's trading volume reaching approximately 2.3 billion and incurring profits for traders.
Currently, Pepe is trending around 0.0000124. This experience also touched other top memecoins including DOGE, SHIB, WIF etc.
In conclusion it's clear that this has given a green candle to crypto market as a whole.

Yes, the market has show some strength after the Donald Trump assassination attempt news, and I think Btc may 
hit another All Time High by the end of this year. However, there are few coins that are showing strength on the market, sol, bnb, eth, and some meme coins like Pepe, floki, wif etc These coin has proven to recover quickly as Btc is moving.

[Charles-Tim]

Why this speculation going viral? So does it mean Donald Trumps is the engine room of cryptocurrencies?
On what way did this assassination attempt really got to influence he Crypto market? I'm not doubt of Trump being a Big Whale in the crytop sphere but how can an individual persuade the crypto markets by politics?

Do not take this speculation that is not true serious. This speculation is not true. If Trump was not shot or if the murder attempt did not happen, the price of bitcoin and other cryptocurrencies will still increase. This follows the market than following what some people like the OP are linking to it. We are still in bull period which can be of  little mild bear time which would be followed by another bull market.

[pakhitheboss]

Why this speculation going viral? So does it mean Donald Trumps is the engine room of cryptocurrencies?
On what way did this assassination attempt really got to influence he Crypto market? I'm not doubt of Trump being a Big Whale in the crytop sphere but how can an individual persuade the crypto markets by politics?

Do not take this speculation that is not true serious. This speculation is not true. If Trump was not shot or if the murder attempt did not happen, the price of bitcoin and other cryptocurrencies will still increase. This follows the market than following what some people like the OP are linking to it. We are still in bull period which can be of  little mild bear time which would be followed by another bull market.

But the market has reacted positively after the assassination attempt and that is what most mainstream crypto media outlets are writing. Bitcoin Retakes $62K as 'Trump Trades' Back In Vogue After Weekend Attack. The meme coin narrative exploded after Bitcoin started pumping earlier this year. They are again following the same path as soon as Bitcoin price started going upwards in the last couple of days. After Bitcoin and Ethereum I think meme coins will be the one giving their investors good returns whenever a bull run comes.

[Charles-Tim]

But the market has reacted positively after the assassination attempt and that is what most mainstream crypto media outlets are writing. Bitcoin Retakes $62K as 'Trump Trades' Back In Vogue After Weekend Attack.

That was what that happened but that does not means it was what that caused the crypto market to become bullish again. It is just a coincidence. I do not see how the market can be linked to Trump assassination.

The meme coin narrative exploded after Bitcoin started pumping earlier this year. They are again following the same path as soon as Bitcoin price started going upwards in the last couple of days. After Bitcoin and Ethereum I think meme coins will be the one giving their investors good returns whenever a bull run comes.

This is true. They are following the same part but that meme coins are far more volatile. Whichs means the bear market will not be easy. Many people will lose than they are expecting.

[Husires]

But the market has reacted positively after the assassination attempt and that is what most mainstream crypto media outlets are writing. Bitcoin Retakes $62K as 'Trump Trades' Back In Vogue After Weekend Attack.

They are looking for the reason after it happened. If the price rose today and at the same time Tesla achieved historic sales, you will find those who say that Tesla’s sales are the reason for Bitcoin bump. if the price dump and at the same time an earthquake occurs in China or a power outage occurs in Germany, some articles linking these two discrete events.

[pakhitheboss]

They are looking for the reason after it happened. If the price rose today and at the same time Tesla achieved historic sales, you will find those who say that Tesla’s sales are the reason for Bitcoin bump. if the price dump and at the same time an earthquake occurs in China or a power outage occurs in Germany, some articles linking these two discrete events.

I cannot deny the facts that you have placed infront of me but there is some news that has been driving the price up. The Mt Gox refund will start with the next 7 to 14 days and yet the market in particular the Bitcoin price seems to be in bullish mode. There has been only negative news related to Bitcoin this month but again as obvious Bitcoin price is impossible to predict and its comeback.

[Husires]

I cannot deny the facts that you have placed infront of me but there is some news that has been driving the price up. The Mt Gox refund will start with the next 7 to 14 days and yet the market in particular the Bitcoin price seems to be in bullish mode. There has been only negative news related to Bitcoin this month but again as obvious Bitcoin price is impossible to predict and its comeback.

The market has been hearing about the Mt Gox refund news for more than a year and assumes that it has already been priced, when it happens it will not have that long-term impact.
The German government's selling was what put pressure on the price in the past days, and after this bleeding stopped, the upward trend returned. The market needs more than 10,000 bitcoin dump for a correction.

[bitterguy28]

Why this speculation going viral? So does it mean Donald Trumps is the engine room of cryptocurrencies?

Do OP mentioned such that?

What I only read is that the increase starts after the assassination attempt in which  we can clearly see in the market so maybe you are the only one who things like that?
and besides we have a dumping market recently so its normal that there will be a pump after its just happened that it comes after the issue of trump .

On what way did this assassination attempt really got to influence he Crypto market? I'm not doubt of Trump being a Big Whale in the crytop sphere but how can an individual persuade the crypto markets by politics?

Maybe you need to answer that because its your presumption and not from everyone of us here.

Even there is no assassination , this pump will happen one way or another .

[Cantsay]

Why this speculation going viral? So does it mean Donald Trumps is the engine room of cryptocurrencies?
On what way did this assassination attempt really got to influence he Crypto market? I'm not doubt of Trump being a Big Whale in the crytop sphere but how can an individual persuade the crypto markets by politics?

Any speculation you get from the failed assassination is purely from devs or marketing department it has nothing to do with main politics.

Remember that meme coins will always look for any slight opportunity to push their project to the masses and during that assassination if it happened that Trumps had his hands up you’ll see several projects with “hands logo” going viral and being pushed around the assassination news meanwhile in reality it’s not even related to it in any way - that’s the same things that’s happening with all of the meme coins moving in upward trend. 

[snowpega]

Now the price is $65k... well at least it has increased almost 20% since the dump until the bottom was $56k.... a move that makes all holders happy.

yeah indeed that was a good opportunity for accumulating more for those who were waiting for the market to go some done and create an opportunity for them to enter in the market and so that they can accumulate more and fill their bags more. Well, buudy along with Bitcoin and many other good projects bleed down badly now they are also heads up again to their old position. so, Altcoin also provides the holders with a good opportunity to accumulate some more at the down position of the market.

Well, in my case, I did not accumulate any assets haha as I did not have available any funds so I was just waiting for the market to get back to its old position and I hope this time it will go more up and give all of us a good amount of profit. All that time when the market was down I was patiently waiting for it to get back to its old position and see it is again near here. Well, did you accumulate in all that time when the market was in buying condition?

[Pastaral]

As bitcoin price rises, it positively affects the crypto market and thereby boosts memcoins like pep. Because of this, we see increasing buying pressure and green candles for assets like pep. When bitcoin increases its momentum, traders often turn their attention to altcoins.  and their bullish sentiment builds and with it raises prices across the board.  Due to this, the interest and investment of Pep increased a lot.