Price of the main cryptocurrency jumps after assassination attempt on Trump

BestChange
2 min readJul 15, 2024

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▶ Arthur Hayes doubts the sincerity of Trump’s words about supporting the digital asset industry

Against the background of the assassination attempt on American presidential candidate Donald Trump, who had previously declared himself a crypto enthusiast, the price of Bitcoin exceeded $62,000. Rumors appeared on social networks that the billionaire’s chances of re-election had significantly increased.

The BTC rate rose by more than 4%, to $62,900. The price of Ethereum also rose by almost 4%, to $3,340.

The price of XRP rose to $0.56, BNB rose to $556. The SOL rate rose to $152.

Donald Trump is increasingly reaching out to the community in an attempt to increase his number of supporters. Earlier, the organizers of the crypto conference, which is scheduled for the end of July in Nashville, reported that Trump intends to speak at the event.

Earlier, the US presidential candidate held a meeting with BTC miners, following which he stated that mining a digital asset is a reliable protection against the introduction of crypto-dollars, which can prevent users from maintaining confidentiality.

Recently, BitMEX co-founder Arthur Hayes suggested that Trump may be deceiving community members by promising support for cryptocurrencies in order to gain votes in the upcoming elections. According to Hayes, the politician’s statements in favor of digital assets sound disingenuous.

“I am dismayed that many crypto pundits who should know better are now blindly throwing fancy fundraisers for the Trump campaign. They erroneously believe that Trump is sincere and that if they just donate enough money, Operation Chokehold Crypto will vanish. That is poppycock. Trump is an astute politician. He will say whatever to whoever is to be re-elected. Once in office, anything related to crypto will be a distant memory,” Hayes explained.

Do you agree with him?

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