Bitcoin (BTC) and Trump-Inspired Meme Coins Surge Following Assassination Attempt on Former US President

The worth of Bitcoin (BTC) and a number of other Donald Trump-inspired meme cash surged on Sunday following an assassination try on the previous United States president whereas he was talking on stage at a rally in Butler, Pennsylvania.

Former President Donald Trump was swiftly whisked from the stage minutes into his rally in Pennsylvania on Saturday after gunshots were heard. He crouched down and was quickly surrounded by U.S. Secret Service agents before rising to his toes with blood on the side of his head and ear, pumping his fist in the air.

A Secret Service spokesperson stated that the presumptive Republican incumbent is safe. The incident reportedly injured Trump’s right ear and resulted in the death of 1 spectator. CNN reports that law enforcement is treating the incident as an assassination attempt, and the shooter, Thomas Matthew Crooks, was killed.

Bitcoin climbed from a price of $58,335 and reached as high as $60,373, per CoinGecko data. That’s the highest price the preeminent cryptocurrency has achieved so far this week, though it’s settled at $60,026 as of press time.

The Ethereum-based MAGA meme coin rocketed from a price of $6.30 to $10.40 immediately after the assassination attempt, seeing its total market cap rise from around $290 million to $470 million in less than an hour, as per 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% after the assassination attempt. Meanwhile, Biden’s chance of winning has remained quite low. His odds plummeted after a faltering debate performance put a spotlight on his age, falling from 34% to a mere 16%.

Trump has become increasingly pro-crypto on the campaign trail. That 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’ve donated large sums in crypto.

The ex-POTUS has vowed to put an end to the Biden administration’s “war on crypto” if reelected. 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 expect 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 likely further burnish his self-assigned image as a crypto champion.

Banking giant Standard Chartered believes Trump’s victory could boost Bitcoin’s price to the ambitious $150K highs due to his crypto-friendly stance

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