Crypto Market Holds Steady After Trump Assassination Attempt

The global crypto market cap is down by 0.28%, hovering around $2.03 trillion with an FGI of 34 points. The fact that the market is more or less steady at the moment is significant. There was an assassination attempt on former president Donald Trump. He is one of the core supporters of the crypto community, and sentiments about his safety are higher than before. Another update also pertains to Trump. The Trump family’s new crypto project, World Liberty Financial, has revealed key details about who will be able to purchase tokens upon their release.

ETH Gains, BTC Loses

Ethereum has gained 0.21% in the last 24 hours, while BTC has shed almost 0.36% of its weight. Their token values are now $2,291.75 and $58,728.29, applicable in the same order. Bitcoin price fluctuations come at a time when MicroStrategy has announced a $700 million private offering for debt buyback and acquisition of Bitcoin tokens. It intends to use the funds to settle its debt and buy a new flagship cryptocurrency. It is uncertain whether the price will surge prior to the token’s acquisition or following its completion of the process.

Ethereum tokens may have reacted to the news about an assassination attempt on Donald Trump. The assassination attempt on Donald Trump, a key supporter of the sphere, has put his survival in jeopardy for the second time within two months—and that too just 50 days before the presidential elections. This has raised questions over the security aspects of presidential candidates and highlighted how crucial it might be for Donald Trump to win the next election.

DOGE and SHIB Decline

Every other meme coin has managed to absorb the hit. Dogecoin and Shiba Inu have turned out to be exceptions. DOGE, the highest-ranked meme coin in terms of market cap, has lost 1.27% of its token value in the last 24 hours. It is now exchanging hands at $0.1003. Notably, anything above $0.1 is more than acceptable to the community, as it indicates the possibility of a bull run.

SHIB has fallen by 0.30% in a single day, to a value of $0.00001326. Gains that both meme coins have made are only in the last 1 hour. DOGE and SHIB are up by 0.35% and 0.36%, respectively. DOGE, on the other hand, has shed most of its token value in the last 7 days, falling over 2.8%. SHIB is currently experiencing a decline of approximately 1.07%.

Other Gainers and Losers

XRP is up by 2.64%. It’s a bit late, given that the coin was poised to surge earlier and maintain those gains. The current rise in the token value comes after the announcement about entering into a partnership with Hedera and Aptos Labs to launch the MiCA Crypto Alliance. This has fueled Ripple’s native token to trade at $0.5885. BNB is down by 1.68% in the last 24 hours, and SOL has soared by 0.56% during the same time frame.

PEPE could be back in the game, as the token has risen by 0.33% in a single day for a value of $0.000007257. WIF is another token that is gaining traction right now. The token has experienced a surge of 1.28% and is currently trading at $1.52.

Conclusion

BTC and ETH are likely to fluctuate more in the coming days, given that the Federal Reserve has yet to announce rate cuts. It could happen this Wednesday. Meanwhile, Meme Coins aim to become the most preferred altcoins in the market.

Disclaimer: Values were true at the time this article was written. The content is not investment advice.