Bitcoin Surges $66,000 After Donald Trump Assassination Attempt & More: This Week’s Crypto Roundup

It has been a good week for the cryptocurrency market. Its total capitalization increased by more than $250 billion, which currently stands at over $2.5 trillion, thanks to sizable gains across the board.

But what seems to have sparked this recovery is an event that many describe as one of America’s darkest days. In fact, it was the assassination attempt of US presidential candidate Donald Trump that spurred the market’s recovery. The reason is quite simple. Many seem to believe that the events of the past few days solidified Trump’s chances of becoming the next president of the United States.

He has recently shown great positivity towards the cryptocurrency industry and will even make an appearance at the Bitcoin conference in Nashville later this month. That has given investors optimism that the industry will thrive under Trump’s presidency.

And they made it bloom…

The price of Bitcoin is up 14% compared to this time last week. It is currently pushing to break above the important $66,000 resistance. It’s worth noting that it didn’t earlier in the week when the bears stepped in and pushed the price towards $63,000.

However, the buyers were successful in the recovery and are now trying to mark a 1-month high. The same can be said for Ethereum, which is up around 12% and trying to break the critical level of $3.5 thousand.

But not everything was good. Today, India’s leading cryptocurrency exchange WazirX has been hacked. The attack stole about $230 million, nearly half of its reported reserves last month, meaning the entire future of the exchange is in jeopardy.

Elsewhere, market participants are eagerly awaiting the launch of spot Ethereum ETFs which is expected to take place next week on July 23rd.

All in all, a lot happened this week, but it’s also true that we’re likely to have an exciting ride in the coming weeks as well!

Market data

Market capitalization: $ 2.5 thousand | 24 Hour Flight: $88 Million | BTC Domain: 51.5%

BTC: $65,318 (+14%) | ETH: $3,441 (+10.4%) | BNB: $578 (+9%)

This week’s crypto headlines you better not miss

Massive Volatility in Crypto Markets Amid Donald Trump’s Firing. There was an unsuccessful assassination attempt on US presidential candidate Donald Trump. Markets took this as a sign that it would win and rallied in response.

Unpacking the WazirX Hack: What Happened and How Much Crypto is Lost. The leading Indian cryptocurrency exchange – WazirX, has been hacked today. This resulted in more than $230 million being pledged, raising the important question of whether the trading floor can recover.

Vitalik Buterin urges the Crypto community to look beyond the pro-crypto stance into political support. Ethereum founder Vitalik Buterin is calling on the cryptocurrency community to look beyond a mere pro-crypto stance to show political support. He emphasized values ​​such as individual liberties and more.

This is when the polygon will migrate from MATIC to POL Token. Polygon will go through a mainnet upgrade on September 4th this year after the proposal was approved by the community. This update will mark the transition from the native MATIC token to the one with a POL ticker.

Bitcoin ETFs Record Over $422M in Daily Net Inflows as BTC Sees 10% Weekly Gains. Earlier this week, Bitcoin exchange-traded funds (ETFs) recorded a whopping $422 million in daily net inflows. Leading the pack was, as almost always, BlackRock’s IBIT ETF.

OKX to Discontinue Services in Nigeria, Here’s What Users Need to Know Popular cryptocurrency exchange OKX will discontinue its services in the country of Nigeria. Users have until August 30 to fully withdraw their assets.

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This week, we have a chart analysis of Ethereum, Ripple, Binance Coin, Shiba Inu and Toncoin – click here for the full price analysis.

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