BTC, Trump-Themed Meme Coins React to Shooting Attempt on Former US President Donald Trump

Former President Donald Trump was swiftly whisked from the stage minutes into his rally in Pennsylvania on Saturday after gunshots were heard.

Former President Donald Trump faced an assassination attempt on Saturday while delivering a speech at a rally in Butler, Pennsylvania. Gunshots were heard as Trump was on stage, leading to a swift evacuation by U.S. Secret Service agents.

The incident left Trump with an injury to his right ear and resulted in the death of one spectator. Law enforcement is treating the shooting as an assassination attempt, with the shooter, Thomas Matthew Crooks, being killed.

According to a Secret Service spokesperson, the presumptive Republican incumbent is safe.

Following the shooting, Bitcoin's price surged from $58,335 to a high of $60,373, as reported by CoinGecko. At the time of writing, BTC is trading at $60,026.

Moreover, the Ethereum-based MAGA meme coin soared from $6.30 to $10.40 immediately after the assassination attempt. In less than an hour, its total market cap surged from around $290 million to $470 million, based on data compiled by DexScreener.

Solana-based meme coin Tremp (TREMP) also rallied over 60% following the shooting news, while another meme asset named MAGA Hat (MAGA) momentarily soared 20% during the same timeframe.

Meanwhile, BODEN, a joke token named after President Joe Biden, tumbled roughly 23.2% over 24 hours to $0.03146.

Trump's odds of returning to the White House increased to a new record high of 71% following the assassination attempt. In contrast, Biden's probability of winning has remained quite low.

His chances plummeted after a faltering debate performance highlighted his age, with his odds dropping from 34% to a mere 16%.

Trump's stance on cryptocurrencies has shifted dramatically during the campaign, becoming increasingly pro-crypto. This stance has garnered massive financial support from renowned crypto executives, including the founders of the Gemini exchange, the Winklevoss twins, and Kraken co-founder Jesse Powell, who have donated large sums in crypto.

If reelected, the ex-POTUS has vowed to put an end to the Biden administration's “war on crypto.”

In surviving an assassination attempt, some crypto investors and bettors hope it will be a boon for Trump's campaign in the months ahead. And if he returns to the Oval Office, cryptocurrency propounders anticipate smoother regulatory sailing compared to a second Biden term.

As ZyCrypto reported previously, Trump will be speaking at the upcoming Bitcoin conference in Nashville, Tennessee, on July 27. His forthcoming speech will probably further burnish his self-assigned image as a crypto champion.

Banking giant Standard Chartered believes Trump's victory could boost Bitcoin's value to the ambitious $150K highs because of his crypto-friendly stance.

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