The world's largest cryptocurrency Bitcoin is being corrected this morning, September 16, after a strong increase over the weekend.
Bitcoin slightly decreased after news of Trump's second "assassination attempt". Photo: Bitcoin Magazine
Early morning of September 16, 2024, Bitcoin price continuously recorded red candles, pushing this currency from the price range of 60,000 USD to 58,420 USD in just a few hours.
15m chart of BTC/ USDT pair on Binance exchange at 09:00 AM on 09/16/2024
The reason for this price fluctuation may stem from the news that former US President Donald Trump has just survived another assassination attempt, although he was unharmed. Accordingly, in the early morning of September 16 (Vietnam time), the US Secret Service opened fire on a person who wanted to assassinate Mr. Trump while he was playing golf in Florida.
US authorities have pursued and arrested the suspect, but have not released further information. Mr. Trump has reassured his supporters, affirming that he is safe.
This was the second assassination attempt on Mr. Trump in just three months. On July 14, the Republican presidential candidate was targeted by a gunman while campaigning in Pennsylvania. Mr. Trump narrowly escaped death when he moved his head as the bullet flew toward him, only to miss his ear, before being protected by agents. The assassination shocked the world, causing Mr. Trump’s approval rating to skyrocket and forcing incumbent President JOE Biden to withdraw from the race just weeks later.
The assassination caused a crisis within the Secret Service, forcing its director to resign and admit it was their most humiliating failure in more than 40 years. But it is also clear that major changes have been made as the latest incident saw agents quickly stop the threat before it could get close to Mr Trump.
Donald Trump’s new rival, incumbent Vice President Kamala Harris, has quickly consolidated the Democratic Party’s ranks and has steadily increased her influence, even somewhat overshadowing Mr. Trump in their recent debate , despite no mention of crypto. The odds of Mr. Trump returning to the White House have dropped from a record high of 71% to about even with Ms. Harris at the time of writing.
Prediction odds for the next US President, Polymarket screenshot on the morning of September 16, 2024
The cryptocurrency industry has been paying close attention to the tense race for the White House, as it is believed that it could affect the future of the technology sector in the United States, the world's largest power. Most agree that crypto will "breathe easier" in an America led by Mr. Trump - who has repeatedly made statements in support of the industry and pledged to remove many existing barriers, instead of Ms. Harris - the face of the current US administration that has continuously suppressed the industry for the past 3 years.
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