Bitcoin

On July 15, crypto stocks experienced a significant rally alongside <a href="https://coinmarketcap.com/currencies/bitcoin/">Bitcoin (BTC)</a>. The surge was most notable among mining stocks, with Marathon Digital (MARA) climbing 17%, Riot Platforms (RIOT) gaining 16%, and CleanSpark (CLSK) increasing by 16.2%. Additionally, shares of Coinbase (COIN) jumped 11.4%, while MicroStrategy (MSTR), led by Bitcoin maximalist Michael Saylor, soared 16.7%.The rally followed a thwarted assassination attempt on Trump over the weekend, which unexpectedly boosted his odds of winning the 2024 election on various betting platforms. Trump&#x27;s potential re-election is seen as a bullish signal by many speculators and investors in the crypto space.The rising odds of former President Donald Trump&#x27;s potential victory in the upcoming U.S. presidential election have invigorated the pro-crypto community. Despite the assassination attempt, Trump announced he would still attend and speak at the upcoming Bitcoin conference in Nashville, Tennessee, on July 27.During Bitcoin&#x27;s recent price decline, institutions took advantage of the dips created by the German government&#x27;s significant BTC sales and the uncertainty surrounding the Mt. Gox reimbursement plan. On July 15, BlackRock CEO Larry Fink appeared on CNBC, endorsing Bitcoin. He referred to the cryptocurrency as &quot;digital gold&quot; and a &quot;legitimate&quot; financial instrument.

Crypto Stocks Surge Amid Increased Odds of Trump Presidential Win

Other articles published on Jul 16, 2024

Worldcoin Token Unlock Schedule Extended to 2028, WLD Surges 27%

The Open Platform Invests in Pluto Studio, Creator of Popular Telegram Game 'Catizen'

U.S. Spot Ethereum ETFs May See Modest Inflows Compared to Bitcoin, Citi Reports

Join our free newsletter for daily crypto updates!