In a shocking turn of event that happened at a campaign rally for former U.S. President Donald Trump in western Pennsylvania on Sunday, Donald Trump's odds of retaking the White House surged, post the assassination attempt, according to reports.
The former U.S. President Donald Trump during the rally at Pennsylvania was shot in the ear by a gunman, identified as 20-year-old Thomas Matthew Crooks.
The former US president was wounded on his right ear but was able to post on his Truth Social site that he had been "shot with a bullet that pierced the upper part of my right ear."
Impact on Trump's Political Prospects
Despite the chaos and tragedy, the incident has had an immediate impact on Trump's political standing.
Donald Trump Rally Firing: Shooter Identified As 20-Yr-Old Man From Pennsylvania, Says Report; FBI Takes Lead Of Probe |
According to reports, on PredictIt, a popular betting platform, Trump's odds of retaking the White House surged from about 60 per cent to 66 per cent following the shooting.
Bitcoin's Reaction to Trump's Increased Odds
Early Monday, Bitcoin's price jumped to around USD 62,800, a increase from below USD 59,000 prior to the assassination attempt.
The ripple effects of this price surge were felt across the broader cryptocurrency market. Coinbase (COIN), a leading crypto exchange, saw its stock rally 5.5 per cent early Monday, pushing it back above its 50-day moving average.
Despite the chaos and tragedy, the incident has had an immediate impact on Trump's political standing. |
Bitcoin miners also experienced significant gains such as-
Marathon Digital (MARA) - Up 4.6 per cent
CleanSpark (CLSK) - Bolted 6.5 per cent
Hut 8 (HUT) - Rallied 8.5 per cent
Core Scientific (CORZ) - Swung 6 per cent higher
Iris Energy (IREN) - Jumped 5 per cent early Monday
