Investing.com– Bitcoin price jumped on Monday, rebounding further from recent lows as markets grappled with the aftermath of an assassination attempt on former President Donald Trump.
Speculation that the failed assassination could increase Trump’s chances of a second term was a key driver of Bitcoin’s rebound, given that the Republican frontrunner has maintained a favorable stance on crypto in recent months.
rose 5.2% in the past 24 hours to $62,709.1 by 09:12 ET (13:12 GMT). The token had slid to over four-month lows last week but was now trading nearly $10,000 above them.
Bitcoin buoyed by speculation over Trump presidency
Trump reportedly sustained minor injuries after a gunman opened fire at a rally in Pennsylvania. But the former President was seen urging his supporters to “fight!” in the immediate aftermath of the attack.
Initial reactions to the attack were that it stood…
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