“The assassination attempt on [Republican candidate Donald Trump] on July 13th had a dual impact on bitcoin prices. As a pro-crypto candidate, the increased odds of a Trump victory spurred a positive market reaction. Concurrently, the event heightened global instability, causing bitcoin, often seen as a risk-off asset, to surge by over 10%, with prices climbing above $63k,” Pedro Lapenta, head of research at Hashdex, said in an email.
Related posts
-
HBAR and AAVE Lead Top Altcoin Gainers, Vote-to-Earn Crypto Flockerz Could Rally Next
The crypto market has been indecisive over the past... -
FBI and Other Federal Agencies Identify Hacker Behind $308,000,000 Hack of DMM Crypto Exchange
North Korean hackers stole $308 million in Bitcoin (BTC) from Japanese cryptocurrency exchange DMM in May... -
Microstrategy’s Bitcoin Yield Hits 3,177 BTC Last Week—Saylor Calls It a $300M ‘Gift to Shareholders’
Microstrategy’s treasury operations secured 3,177 bitcoins last week—worth $299 million—intensifying its aggressive BTC acquisition push and...