Trump Survives and Bitcoin Booms

Author

Justin
July 15, 2024 • Read Time: 6 minutes

This weekend has been one for the history books.

First off, my thoughts and prayers are with the family of the victim who lost his life attending Trump’s rally, those injured, and with the former President. Regardless of disagreements, violence like this is unacceptable and never the answer.

Amidst all of this, Bitcoin touched the $63,000 mark in early Monday trading, a two-week high that has analysts buzzing about a possible trend reversal.

Market watchers have pointed to increased institutional buying, particularly by U.S. whales, as a key driver behind this surge. With the Coinbase premium gap indicating strong buying pressure and over a billion dollars flowing into spot Bitcoin ETFs, whispers of a market recovery are growing louder.

Coupled with rising global uncertainty following the assassination attempt on Trump, the conditions seem ripe for further upward momentum.

Let's dive into the biggest news from this weekend…

  • Trump will speak at the Bitcoin Conference despite surviving an assassination attempt, confirmed by Bitcoin Magazine’s CEO. — Read More

  • Yellen says US Treasury is closely watching Russia's use of cryptocurrency. — Read More

  • Trump's presidential odds hit an all-time high on Polymarket following a failed assassination attempt, rising to 70%. — Read More

  • Bitcoin surged past $63,000 for the first time in over two weeks, driving the total crypto market cap to $2.4 trillion. — Read More

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Solana AI Project Grass Announces Final Epoch of Closed Beta

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SEC Pushes for Tighter Crypto Regulation

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BitConnect Promoter Convicted by Sydney Court

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