Trump Survives Assassination, Crypto Surges 4% After July 13 Attack
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Trump’s Near-Miss and Crypto Surge
Donald Trump narrowly escaped an assassination attempt on July 13, 2024, during a campaign rally in Butler, Pennsylvania. A bullet grazed the upper part of his right ear, killing one attendee and the suspected gunman, while injuring two others critically. Despite the chaos, Trump’s fist pump to the crowd as Secret Service led him away became a defining image, reflecting his defiance.
Unfazed, Trump plans to speak at the Bitcoin Conference in Nashville from July 25 to 27. David Bailey, CEO of Bitcoin Magazine, confirmed Trump’s enthusiasm and readiness to deliver a significant speech on July 27. In a related development, a Florida judge dismissed the classified documents case against Trump, citing the unconstitutionality of special counsel Jack Smith's appointment. The Justice Department intends to appeal.
Trump aims to raise $15 million from donors at the Bitcoin Conference, with help from David Bailey, who confirmed the plan after meeting Trump’s senior adviser Vince Haley. Trump's newfound support for Bitcoin and other cryptocurrencies is seen as a strategic shift to attract the crypto community’s votes, despite his previous skepticism.
Crypto Market Reacts to Trump News
The assassination attempt and Trump’s crypto endorsements have stirred the market. Bitcoin surged over $63,000, marking a 4.41% increase in 24 hours. Ether jumped by 4.99% to $3,366, and Solana grew by 5.75% to $153.72, pushing the overall market up by 4.17%. Trump’s Media and Technology Group Corp. stocks spiked by 64.4% in pre-market trading.
Trump-related cryptocurrencies also saw significant activity. MAGA Token spiked 50% to $9.51 before stabilizing around $7.68. A notable sale saw a crypto whale profit $8 million from selling 1.08 million MAGA tokens. The FIGHT token skyrocketed 48,548.22% to $0.03, while the Never Surrender token initially surged but then fell by 26%. Trump Digital Trading Cards' floor price rose to 933 MATIC ($502), later settling at 762 MATIC ($410). The second series of Trump NFTs increased by 20% to 163 MATIC ($233).
Trump’s chances of winning the 2024 election have notably improved. Polymarket raised his odds from 60% to 71% post-shooting, with public support bolstered by endorsements from figures like Elon Musk.
David Bailey emphasized Trump's excitement for the Nashville conference, while Bitget Research’s Ryan Lee noted the market’s optimistic interpretation of Trump’s survival. Trump donor Kyle Samani highlighted the crypto community’s readiness to support Trump, and biographer Tim O’Brien remarked on Trump’s opportunistic policy approach.
Conclusion
Trump's survival of an assassination attempt has dramatically shifted the political and financial landscape. His embrace of cryptocurrencies and planned appearance at the Bitcoin Conference signal a new strategy to court tech-savvy voters. As markets react positively and Trump's odds improve, the 2024 election race enters uncharted territory.
FAQs
1. What happened during the assassination attempt on Trump?
A bullet grazed Trump's right ear during a rally in Butler, Pennsylvania on July 13, 2024. One attendee and the suspected gunman were killed, while two others were critically injured. Trump showed defiance by giving a fist pump as he was led away by Secret Service.
2. How has the crypto market reacted to Trump's endorsement?
Bitcoin surged over $63,000, up 4.41% in 24 hours. Ether and Solana also saw significant gains. Trump-related cryptocurrencies like MAGA Token spiked 50%, while Trump Digital Trading Cards' floor price rose to 933 MATIC before settling at 762 MATIC.
3. What are Trump's plans for the Bitcoin Conference?
Trump plans to speak at the Bitcoin Conference in Nashville from July 25 to 27, delivering a significant speech on July 27. He aims to raise $15 million from donors at the conference, with help from Bitcoin Magazine CEO David Bailey.
4. How has the assassination attempt affected Trump's election odds?
Polymarket raised Trump's odds of winning the 2024 election from 60% to 71% after the shooting. Public support has been bolstered by endorsements from figures like Elon Musk, and the crypto community appears ready to support Trump's campaign.
This article has been refined and enhanced by ChatGPT.
