Bitcoin experienced a significant surge on Monday following an assassination attempt on former President Donald Trump over the weekend. Investors reacted to the incident by perceiving a higher likelihood of Trump, who has transitioned from a cryptocurrency skeptic to a supporter, winning the upcoming November election.
The price of bitcoin notably rose by 9.5% to reach $62,980 during morning trading in London, in response to a tragic shooting at a campaign rally in Butler, Pennsylvania, where Trump sustained injuries but remained resolute.
During his time in office, Trump had criticized cryptocurrencies, claiming their value was not backed by tangible assets. However, he has since reversed his stance, with his presidential campaign now accepting cryptocurrency payments.
The Republican party, with Trump at its core, has outlined a pro-crypto election platform that vows to put an end to what they perceive as the Democrats' unjust and un-American crackdown on cryptocurrencies.
Furthermore, Republicans have committed to safeguarding the right to mine bitcoin and ensuring that all Americans can engage in digital asset transactions without government interference or surveillance.
