Bitcoin

Litecoin

Ethereum

Solana

<p>In a surprising turn of events, Bitcoin saw a sharp drop to $58,500 after news broke about the second assassination attempt on former U.S. President and current presidential candidate, Donald Trump. The incident occurred at his West Palm Beach golf course, sending shockwaves across financial markets, including the cryptocurrency space.</p><h3 id="shots-fired-market-shaken">Shots Fired, Market Shaken</h3><p>The incident unfolded on September 15, when <a href="https://x.com/SecMayorkas" rel="noopener noreferrer nofollow">Secret Service</a> agents reportedly fired shots at an armed suspect attempting to approach Trump’s location. The suspect, later identified as Ryan Wesley Routh, was apprehended after a brief pursuit. While Trump was unharmed, the event led to immediate uncertainty in the financial world.</p><h3 id="bitcoin-takes-a-3-dip">Bitcoin Takes a 3% Dip</h3><p>Shortly after the news spread, Bitcoin&#39;s price fell from $60,313 to $58,500, triggering market volatility. The cryptocurrency, which had been on an upward trend, saw a wave of long-position liquidations worth over $116.52 million. The unexpected crash left traders scrambling, with over 49,351 traders affected by the market&#39;s sudden turn.</p><h3 id="political-uncertainty-drives-decline">Political Uncertainty Drives Decline</h3><p>The connection between Trump’s political stance and Bitcoin’s market movements is evident. <a href="https://icogemhunters.com/crypto-chaos-in-september-trump-fed-rate-cuts-and-bitcoins-road-to-100k/" rel="noopener noreferrer nofollow">Trump</a> has been vocal about making the U.S. a hub for cryptocurrency, promising better regulations for the sector. The uncertainty surrounding his safety, and thus his political future, seems to have contributed to the market&#39;s nervous response.</p><h3 id="outlook-for-bitcoin">Outlook for Bitcoin</h3><p>Despite the dip, <a href="https://icogemhunters.com/bitcoin-under-58k-today-but-could-a-september-surge-take-it-to-new-heights/" rel="noopener noreferrer nofollow">Bitcoin</a> remains resilient at the $58,500 mark. Investors are closely watching how both the political situation and broader market sentiment will unfold in the coming days. Some analysts believe that while the assassination attempt has led to a temporary pullback, Bitcoin could recover quickly if stability returns.</p><p><em><strong><br />Disclaimer:</strong> This article is intended for informational purposes only and should not be construed as legal, tax, investment, financial, or any other form of advice.<br /><br />Source: </em><a href="https://icogemhunters.com/political-unrest-hits-bitcoin-trump-incident-wipes-out-116m-from-crypto-markets/" rel="noopener noreferrer nofollow">ICO Gem Hunters</a></p>

Political Unrest Hits Bitcoin—Trump Incident Wipes Out $116M from Crypto Markets

Table of Contents

ICOGemHunters

Other articles published on Sep 16, 2024

Onboard Secures Funding from Coinbase Ventures & LAVA to Drive Global Expansion and Unlock Onchai...

DeGods NFT Creator De Labs Launches A New Crypto Token $DeGods – Here’s More Details

Fed fever hits crypto, What’s next for the market?

Chainlink CCIP now live on ZKsync, boosting cross-chain interoperability

Bitcoin Price Set to Explode According to Rich Dad Poor Dad Author

Dormant ‘Diamond Hand’ Ethereum Whale Begins Selling As ETH/BTC Hits 3-Year Low

Join our free newsletter for daily crypto updates!