Key Points
- Despite a recent assassination attempt, former US President Donald Trump confirms attendance at Bitcoin 2024 conference.
- Cryptocurrency market experiences a surge following the failed attack on Trump.
Former US President Donald Trump narrowly escaped an assassination attempt last Saturday, July 13, during a campaign in Pennsylvania.
David Bailey, the event organizer of the Bitcoin 2024 conference, announced the next day that Trump still plans to attend the event in Nashville, Tennessee later this month.
Trump’s Spirits High Ahead of Conference
Bailey relayed a message on a social media platform on Sunday, July 14, stating that he had spoken to Trump’s team.
According to Bailey, the former President was in good spirits and excited to see the attendees in Nashville and deliver a globally-heard speech.
Trump had committed to speaking at the conference earlier in the week, prior to the assassination attempt.
The event is scheduled to run from July 25 to July 27, with Trump set to speak on the final day.
Bitcoin Rally Following Attack
Following the failed attack on Trump, the cryptocurrency market, including Bitcoin, experienced a strong surge on Sunday.
The fact that Trump survived the assassination attempt has amplified his chances of re-election in the 2024 US Presidential elections, which has instilled strong enthusiasm among the crypto market players to push the market higher.
The rally continued into Monday, with Bitcoin’s price up by 4.5% at $62,987, thereby surpassing the critical resistance of $60,000.
Other altcoins and meme coins have also seen significant rallies.
The price of Ethereum has surged by 5% to $3,400 as investors prepare for the launch of a spot Ethereum ETF in a week or two.
Additionally, altcoins like Solana, XRP, Cardano, and Dogecoin have rallied by over 10% in the last two days following the news of the Trump attack.
The meme coin market is also experiencing a renewed euphoria and is up anywhere between 5-10% as of press time.
The Donald Trump-themed meme coin MAGA rallied by a massive 60% on Sunday, reaching $10. Despite a 25% correction from yesterday’s peak, MAGA is still seeing 42% gains on the weekly chart.
