As a researcher with a background in finance and politics, I have closely observed the interplay between financial markets and political events throughout my career. The latest developments regarding former President Donald Trump have once again proven to be a significant catalyst for the crypto market.
Bitcoin and the broader crypto are up as traders react to the latest Donald Trump news.
As a cryptocurrency analyst, I’ve noticed an uptick in the price of the leading digital currency, pushing it back over the $63,000 mark. Simultaneously, altcoins have mirrored these gains. Notably, former US President Donald Trump experienced positive news with the dismissal of his classified documents case, which might have contributed to this market surge from an external perspective.
As a crypto investor, I’ve noticed an intriguing correlation between cryptocurrency markets and significant political events. For instance, after President Trump survived an assassination attempt on July 13, there was a noticeable surge in the value of various cryptocurrencies. This rise in prices could be attributed to heightened uncertainty and increased demand for decentralized assets during times of geopolitical tension.
Recent advancements have led to a turnaround for meme coins linked to Trump, as they rebounded from the drop experienced over the past 24 hours following a robust surge on Sunday. The cryptocurrency market is currently displaying a bullish sentiment towards MAGA, STRUMP, and TREMP, with these digital assets exhibiting gains and potential for further growth prior to the US election.
Judge dismisses Trump case
On Monday, U.S. District Judge Aileen Cannon ruled that the designation of a special counsel for Donald Trump’s criminal case concerning classified documents was unconstitutional. Trump stood accused of unlawfully retaining such documents following his presidency in 2021.
A few months have passed since the federal judge dismissed Trump’s attempt to discard the case in March.
On July 15, the judgment was rendered stating that my appointment as prosecutor in the Trump case infringed upon the U.S. Constitution’s Appointments Clause.
Analysts say Trump win bullish for crypto
As an analyst, I would put it this way: Two days ago, I narrowly avoided being assassinated. A few days prior to that, the United States Supreme Court decided that I am immune from prosecution for any actions I took during my presidency.
Trump has filed a request with the Manhattan court aiming to overturn his conviction in the hush money case, following the Supreme Court’s decision granting him immunity.
The occurrence of these events has significantly boosted optimistic attitudes towards cryptocurrencies, as many believe that a Trump victory would be beneficial for the crypto market.
Bitcoin exchange-traded funds (ETFs) that track the spot price of Bitcoin have experienced continuous inflows of new investments. Analysts at Coinbase believe that a potential victory for Donald Trump in the upcoming election could boost Bitcoin and cryptocurrencies’ prices in the last quarter of 2020 and throughout 2025.
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2024-07-15 18:50