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Bitcoin Surges Past $62,500, Up 10% After Trump Assassination Attempt

Jul 15, 2024, 09:05 AM

Bitcoin surged past $60,000, reaching as high as $62,500, following an assassination attempt on Donald Trump at a rally in Pennsylvania. The incident, which left Trump injured, has led to speculation that his chances of winning the upcoming presidential election have increased significantly. Investors reacted swiftly, with early buying of gold and Bitcoin, and an overall rise in 'Trump-victory trades'. Trump's odds of re-election soared to 72% on Polymarket, further driving the cryptocurrency's price up by 10%. The surge in Bitcoin's value underscores its susceptibility to shifts in the political landscape, making the work of investors more challenging.