Bitcoin Drops 3% After Second Assassination Attempt on Trump

As a seasoned analyst with over two decades of market experience under my belt, I’ve seen countless events that have sent shockwaves through the financial world. However, few incidents have been as jarring as the second assassination attempt on former President Donald Trump, which happened just yesterday.


On September 15, as former President Donald Trump was playing golf at his West Palm Beach course, news of a second assassination attempt on him caused Bitcoin‘s price to drop by 3%. The incident unfolded around 1 PM EST when Secret Service agents noticed a man concealed in bushes with an AK-47-like rifle.

58-year-old Ryan Wesley Routh sped away in a black SUV following a shooting incident where agents were involved. A sharp-minded bystander managed to note down his license plate number, which eventually led to Routh’s apprehension on I-95. Fortunately, no injuries occurred, but the occurrence caused ripples of surprise throughout the political and financial spheres.

Based on Coinglass statistics, Bitcoin’s price plummeted to around $58,397 from its previous level of $60,313 over the past 24 hours. This decline triggered liquidations totaling approximately $140.15 million, primarily due to long positions. The market turbulence impacted more than 49,000 traders.

Trump’s firm position on promoting the United States as a welcoming environment for cryptocurrencies may have influenced Bitcoin’s sudden surge, given that some anticipate him to implement supportive regulations should he be re-elected.

As a concerned crypto investor, I’ve been closely following recent events, and it appears that the authorities are viewing this incident as an attempted assassination. This act of violence has drawn strong condemnation from political leaders who stress the need to uphold peace and security. Personally, I’m relieved to hear that the former president escaped unharmed. President Joe Biden and Vice President Kamala Harris have emphasized the crucial role of safeguarding candidates in presidential elections, underscoring the importance of unity and tranquility in our democratic process.

Quick action by the Secret Service may have prevented a disaster, yet it underscores increasing worries about political violence. The sudden plunge in Bitcoin’s value demonstrates the sensitivity of financial markets to significant incidents like this.

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2024-09-16 08:36