The second assassination attempt on former US President Donald Trump had a significant impact on the cryptocurrency market. In fact, Bitcoin fell by 2.74% following this dramatic event. This sudden drop surprised many investors and market observers.
Bitcoin drops 2.74% after second assassination attempt on Donald Trump!
On Sunday, September 15, 2024, a second assassination attempt was made against Donald Trump while he was playing golf at his club in Palm Beach, Florida. Although Trump escaped the attack without injury, the incident caused panic in financial markets, particularly the cryptocurrency market. Unlike the first assassination attempt, which caused BTC to surge, this second attack caused Bitcoin to fall significantly.
Before the incident, BTC was trading around $60,000. However, after news of the attack broke, its value quickly dropped to around $58,340. This 2.74% drop reflects the uncertainty and volatility that often characterizes the crypto market, in response to major geopolitical events. At the time of writing, Bitcoin is trading around $58,797with a decrease of 0.53%.
A crypto market plagued by uncertainties
Analysts attribute this drop to several factors. First, the political uncertainty surrounding the security of Trump, a polarizing figure, created an atmosphere of nervousness among investors. In addition, the reaction of traditional financial markets, which have also shown signs of volatility, amplified the impact on Bitcoin.
It is important to note that cryptocurrencies, although often perceived as decentralized assets and independent of political events, can be heavily influenced by major incidents. The market reaction to this assassination attempt is a clear example of this.
Donald Trump, who will launch his crypto platform, World Liberty Financial, this Monday, September 16, 2024, has just suffered a second assassination attempt. This event, which led to the fall of Bitcoin, is a reminder of the extent to which political stability plays a major role in the crypto market.
Maximize your Tremplin.io experience with our 'Read to Earn' program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
