Bitcoin Slumps Following Second Assassination Attempt on Trump

• The assassination attempts on Trump have led to significant fluctuations in Bitcoin’s price, reflecting the market’s sensitivity to global political events.
• The incidents underline the volatile nature of the cryptocurrency market, heavily influenced by investor speculation and external political events.

According to Trump spokesperson Steven Cheung, on September 15, former President Donald Trump survived a second assassination attempt while playing golf at his West Palm Beach course. Secret Service agents noticed a man armed with an AK-47 rifle hiding near the property and opened fire, causing the suspect to flee.

This incident was also revealed through a tweet by Donald Trump Jr., stating that shots were fired at Trump Golf Course in West Palm Beach, Florida. An AK-47 was discovered in the bushes, per local law enforcement.

Again folks!

SHOTS FIRED at Trump Golf Course in West Palm Beach, Florida.

An AK-47 was discovered in the bushes, per local law enforcement. The Trump campaign has released a statement confirming former President Trump is safe.

A suspect has reportedly been apprehended. pic.twitter.com/FwRfrO3v6y

— Donald Trump Jr. (@DonaldJTrumpJr) September 15, 2024

The Trump campaign has released a statement confirming that the former President is safe. A suspect has reportedly been apprehended.

Identified as 58-year-old Ryan Wesley Routh, the suspect was later arrested after a witness captured his vehicle’s license plate. Despite the alarming incident, Trump was unharmed, but it has raised concerns both in political and financial spheres.

Assassination Attempt and Market Impact

Earlier, CNF revealed an increase in whale activity in altcoins while Bitcoin slumped. The market reacted strongly due to Trump’s advocacy for making the U.S. a hub for cryptocurrency, which had initially generated optimism among crypto investors. Trump’s safety has been confirmed by authorities, and political leaders, including President Joe Biden, condemned the violence.

This was not the first attempt on Trump’s life. A previous incident occurred on July 13 at a campaign rally in Pennsylvania, which led to a surge in Trump-themed cryptocurrency and a brief rally in Bitcoin prices. However, unlike the first assassination attempt, which led to a Bitcoin surge to over 4%, reaching $63,000, as CNF reported, the second attempt saw Bitcoin slump by 2.50% in just a day, despite a 6.91% increase in the previous week.

The price drop resulted in $116.52 million in liquidations, primarily affecting long trades. Currently, Bitcoin has surged by an unspecified percentage in the last 24 hours, reaching a price of $50,100. See BTC price chart below.