Donald Trump Attacked: Trump`s memecoins and Bitcoin prices surged after Donald Trump’s Attack. Is it a sign of Bitcoin Bull Run?
Trump-themed memecoins and Bitcoin showed a significant surge in the Crypto Market after Donald Trump attacked. Bitcoin’s price rallied to $60,000 in the past 24 hours. BTC jumped to $60,200 after struggling for a long time (2-weeks approximately).
On the other hand, Trump-themed memecoins, MAGA, and TREMP soared in prices in the past 24 hrs. This significant price increase highlights the BTC’s sensitivity to geopolitical events and investor sentiment.
Donald Trump Attacked: Incident Impact On Market Reaction
According to breaking information, Donald Trump was attacked during his rally in Pennsylvania on July 13, 2024. The price of the largest Donald Trump memecoin like MAGA (TRUMP), and TREMP surged more than 30%.
The Ethereum-based MAGA memecoin spiked rapidly from a price of $6.31 to $10.36 immediately after the assassination attempt on Trump, showing a total market capitalization jump from $293 million to $469 million in less than 45 minutes, according to DexScreener data.
Solana-based memecoin Tremp (TREMP) jumped more than 63% in the hour following the news, while another memecoin dubbed MAGA Hat (MAGA) briefly spiked 21% within the same timeframe.
Bitcoin Surges $60,000: Is it Next Bull Run?
Bitcoin jumped a whopping $60,000 in just 24 hours. This big jump is causing excitement amongst investors. Trade analysts wonder if it’s the start of another major price increase for Bitcoin. Currently, BTC is trading at around $59,761.64 (as per CoinmarketCap). Few crypto analysts predict this surge might be the next bull run for BTC.
Also Read: Donald Trump Bitcoin Conference 2024: Election Strategy or BTC Genuine Support?
