Bitcoin and Crypto Market Surge Following Trump’s Events:
After the attempted assassination of former President Donald Trump, market trading on Monday witnessed a significant surge in Trump Media & Technology Group shares and crypto-related stocks. Bitcoin also saw an increase, reaching above $63,000 due to Trump’s pro-crypto stance.
Impact on Election and Market Sentiment:
The assassination attempt may bolster Trump’s chances of winning the upcoming presidential election, leading to positive market reactions. Analysts project an increase in Trump’s victory likelihood, which reflected in the market trading activity.
Stock Fluctuations and Challenges for Trump Media & Technology Group:
Trump Media & Technology Group, the parent company of Truth Social, experienced stock fluctuations during the election period. Following Trump’s felony conviction, the company’s stock dropped significantly, and Truth Social faces challenges in expanding its user base.
