The price of Bitcoin surged past $60,000 per coin recently following an attempt on the life of former President Donald Trump, who is anticipated to be the Republican nominee for the 2024 US elections.

During a campaign rally, Trump was attacked but survived and was safely escorted away afterward. According to CoinGecko, Bitcoin’s price surged sharply from $58,337 to $60,224 within hours of the incident, reaching its highest point in the past week.

Also Read: Experience Pakistan’s Most Famous Housing Society

However, the gains in Bitcoin were overshadowed by the rise of Trump-inspired meme coins. TREMP saw the most significant increase, skyrocketing by 71 percent in 24 hours to $0.66. TRUMP also rose by 39 percent, while MAGA increased by 33 percent.

Trump has been a vocal supporter of cryptocurrency, distinguishing himself from his opponent in the upcoming election, current President Joe Biden. Following his survival of the assassination attempt, some crypto investors and analysts speculate that Trump’s campaign may gain momentum in the coming months. 

They also anticipate that a potential Trump victory could lead to more favorable regulatory conditions for the crypto industry compared to a continuation of Biden’s policies.

For more news and updates, visit the Al Sadat Marketing Website.