The first market to react forcefully to the attack a Donald Trump, which now, also thanks to it, he finds himself with major changes in the November elections for the White House, it was that of cryptocurrency.
In particular the Bitcoin, the number one cryptocurrency in the world, began to rise immediately after the news of the attack, rising above 60.000 dollars yesterday and continuing this morning too: in the middle of the European session it was at 62.751 dollars after having marked a peak at 63.019 dollars, at the highest last two weeks, bringing earnings to +47% for the year. On Friday evening it had closed at 57.600 usd. Last July 5th it had reached the lows of the last six months at 53.600 usd. The other main cryptocurrencies are also moving upwards, including Ether (+ 3,05%) and Solana (+ 3,24%).
Trump favors looser rules for cryptocurrencies
The increase is related to the fact that aTrump's eventual victory in the presidential elections it could lead to an expansion of the crypto market given that the tycoon has always been in favor of a relaxation of the rules. Trump has repeatedly attacked the Democrats' attempts to keep the crypto world under control, presenting himself as a champion of the sector, especially on the occasion of a fundraising event that took place in June in San Francisco, even if in fact he had not explained what his support for the sector would consist of. On the contraryBiden administration was quite severe regarding the sector, with the left wing of the Democratic Party, the one led by the senator Elizabeth Warren which has repeatedly attacked the sector, even threatening to make it illegal.
Support for Trump from the crypto world
The founder of Tron (ecosystem on blockchain to which a $TRX token is connected), Justin Sun, has publicly endorsed Trump in the upcoming election, citing his plan to provide a more favorable environment for the cryptocurrency industry. In a social media post, Sun expressed hope for the President's quick recovery and praised Trump as a better choice than Biden for the crypto sector because he could ensure "fairer treatment" under his leadership. Others have come forward to support Trump in his bid for the White House, including Tesla, Elon Musk and hedge fund manager Bill Ackman.
Participation in Bitcoin 2024
The protagonists of cryptocurrencies are anxiously awaiting next weekend, when the event will be held Bitcoin 2024, one of the most important conventions in the sector, at which Trump was also expected, unless the post-attack agenda changes, together with a long delegation of pro-BTC politicians.
