Republican

Donald Trump

Bitcoin

President Donald Trump

The likelihood of former U.S. President Donald Trump winning the upcoming U.S. presidential election has surged to a record high following a thwarted assassination attempt, according to bettors on the decentralized prediction market platform <a href="https://crypto.news/?s=polymarket">Polymarket</a>. 
Trump, who was wounded during a rally shooting in Pennsylvania, saw his odds of winning the upcoming presidential election surge by approximately 10 points to 70% on <a href="https://polymarket.com/event/presidential-election-winner-2024?tid=1720953004475" target="_blank" rel="">Polymarket</a>, a website that allows users to place bets on various events with cryptocurrency. 
<figure class="wp-block-image size-full">
 <picture loading="lazy" decoding="async" class="wp-image-14284708"> 
 <source type="image/webp" srcset="https://crypto.news/app/uploads/2024/07/Screenshot-2024-07-14-165916.png.webp"> 
 <img loading="lazy" decoding="async" width="1016" height="254" src="https://crypto.news/app/uploads/2024/07/Screenshot-2024-07-14-165916.png" alt="Trump's presidential odds soar to all-time high on Polymarket following assassination attempt - 23"> 
 </picture> 
 <figcaption class="wp-element-caption">
 Betting on Donal Trump winning the U.S. presidential election | Source: Polymarket
 </figcaption>
</figure> 
A spokesperson for the Secret Service confirmed the safety of the Republican presidential hopeful after the incident, as <a href="https://www.nytimes.com/live/2024/07/13/us/biden-trump-election?unlocked_article_code=1.7E0.9hmh.5GgDtIHP3Uyy&amp;smid=url-share" target="_blank" rel="">reported </a>by The New York Times. The altercation resulted in the death of a suspected assailant and a bystander, according to the publication. 
In the aftermath, defiant images and videos of Trump with a bloodstained face making a fist-pump gesture went viral on social media. This event occurred amidst weeks of public discourse focusing on the <a href="https://crypto.news/biden-odds-presidential-race-hit-35-percent-polymarket/">missteps and perceived weaknesses of his rival</a>, the current President Joe Biden. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Appears he’s ok; pumping his first here. My lord, this is crazy <a href="https://t.co/N5Mp8Ible1" target="_blank" rel="">pic.twitter.com/N5Mp8Ible1</a>— @jason (@Jason) <a href="https://twitter.com/Jason/status/1812251381312659694?ref_src=twsrc%5Etfw" target="_blank" rel="">July 13, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Following the incident, meme tokens linked to Trump, known as “PoliFi” tokens, witnessed a surge. For instance, <a href="https://crypto.news/price/maga/">MAGA </a>rose by 47% in 24 hours to $9.32, while TREMP increased by 22% to $0.4866, based on data from crypto.news. 
On the other hand, <a href="https://crypto.news/is-biden-dropping-out-these-biden-replacement-memecoins-are-surging/">BODEN</a>, a meme coin inspired by President Joe Biden, saw a 21% decline over the same period to $0.03181. These tokens, while popular for speculating on election outcomes, offer no actual payout to holders if their associated candidate wins. 
Currently, Biden’s odds of securing the election on Polymarket stand at 16%. 
 You might also like: <a href="https://crypto.news/trump-maga-coins-surge-after-ex-president-shot-rally/"> TRUMP, STRUMP, MAGA, MVP: How meme coins reacted after shooting at Ex-President’s rally </a> 
Trump, who has <a href="https://crypto.news/trumps-pro-crypto-stance-is-gaining-him-votes/">pledged</a> to support Bitcoin should he win the 2024 presidential election on Nov. 5, has been <a href="https://crypto.news/trump-is-in-talks-to-speak-at-bitcoin-2024-in-july-report/">confirmed as a featured speaker </a>at a Bitcoin conference later this month. 
In a statement last month in Washington, D.C., Trump noted, “I will ensure that the future of Bitcoin is forged in the U.S. and not relegated abroad. I will uphold the right to self-custody.” 
The Biden administration has never interfered with law-abiding crypto holders. 
After generating income from his <a href="https://crypto.news/global-nft-market-sees-a-22-dip-in-sales-yet-trump-nfts-continue-to-soar/">digital trading card non-fungible tokens </a>(NFTs), Trump has become increasingly involved with cryptocurrencies, and announced his support for the sector in late May. 
He also started accepting campaign contributions in various digital currencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE). 
Following Trump’s narrow escape from his Pennsylvania rally, in which a bullet grazed his ear, the price of Bitcoin has climbed above $60,000 per unit, rising from earlier lows of $53,000 this month. At the time of this report, the leading cryptocurrency was trading at $59,970. 
 Read more: <a href="https://crypto.news/can-trumps-return-to-power-and-pro-crypto-policies-spark-a-historic-bull-run/"> Can Trump’s return to power and pro-crypto policies spark a historic bull run? </a>

Trump’s presidential odds soar to all-time high on Polymarket following assassination attempt

crypto.news

Andere artikelen gepubliceerd op 14 jul 2024

Akash Network (AKT) Price Rose 30%: Can It Break the Bearish Spell?

How to Invest $1,000 in Crypto in 2024?

Spot Ether ETFs Set to Launch Next Week Pending SEC Approval

These Cryptos Can Deliver 40x Profits in Q3 2024

San Francisco Tech’s Shiba Inu Success Story Paves the Way for BlockDAG’s $30 Potential by 2030

Whales Targeting These Altcoins for Major Gains in the Bull Market

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!