Massive Volatility in Crypto Markets Amid Donald Trump’s Firing

The most important news of the last 24 hours involved the Republican presidential candidate in the United States, Donald Trump, who was shot during a rally in Pennsylvania.

The news hit all the headlines in the last few hours and even caused massive volatility in the crypto markets over the weekend, which is quite unusual.

According to recent reports, 20-year-old Thomas Matthew Crooks has been identified as the “subject involved” in the attempted assassination of former US President Donald J. Trump.

The shooting happened less than 12 hours ago during a rally in Butler, Pennsylvania. Trump was dragged off the main stage with blood on his ear and face.

This was the first public shooting of a high-ranking American politician in more than 40 years when John Hinkley Jr. shot Ronald Reagan in 1981.

According to the BBC, Trump was taken to a local hospital but has since been discharged and returned to his home in New Jersey.

During his first presidency, Trump was a vocal critic of Bitcoin and the entire crypto industry, but he has changed his position during his current campaign, unlike the current president, Joe Biden.

As such, it’s no surprise that the shooting had dramatic effects on the crypto market, with tons of volatility in most assets.

Weekends are usually pretty underwhelming for BTC, but the events that transpired on Saturday (US time) led to several major price moves, including a surge from $58,300 to $60,400 in just a few hours.

Although it has lost some ground since then, bitcoin is still hovering near the $60,000 mark it lost earlier this month.

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