Trump’s support rate and the prices of memecoins related to the former President are soaring after a failed assassination attempt on the morning of July 14th.
The most talked-about news in recent hours is that former U.S. President Donald Trump survived an assassination attempt early on July 14th (Vietnam time).
Specifically, while attending a campaign rally in Pennsylvania, Trump was shot by an unidentified gunman. The bullet grazed his ear but did not threaten his life. Trump was subsequently evacuated by the U.S. Secret Service.
HOLY SHIT
DONALD TRUMP JUST GOT SHOT! pic.twitter.com/vyzbZrNb5W
— Russell Brand (@rustyrockets) July 13, 2024
According to local news agencies, the gunman was quickly neutralized by U.S. authorities, but the attack resulted in one fatality and one serious injury.
U.S. President Joe Biden swiftly condemned the assassination attempt, expressing relief that Trump was safe and thanking the U.S. Secret Service for their prompt response. Biden declared that there is no place for such violence in America and called for unity among the American people.
Meanwhile, social media platform X (Twitter) is abuzz with live reports of the attack. Video footage shows Trump delivering a speech when he suddenly collapses after a strange noise. After being shielded by the Secret Service, he stood up and raised his fist amidst cheers from his supporters, although blood was visible from his ear.
Many quickly shared the moment Trump raised his fist with the American flag in the background, calling it the photo of the year and a top contender for the Pulitzer Prize. Some believe this marks the moment Trump will secure victory in this year’s U.S. Presidential election.
The cryptocurrency market also reacted strongly to the “failed assassination” of Donald Trump.
Bitcoin prices rose 3% to $59,850 after news of Trump being shot spread. The world’s largest cryptocurrency had rebounded over the past week after falling to its lowest level in five months on July 5th, driven by buying from Bitcoin ETFs following the German government’s completion of a $3 billion BTC liquidation.
Trump’s election odds just hit 70%.
Yet another all-time high. pic.twitter.com/S2GdqIdetL
— Polymarket (@Polymarket) July 14, 2024
Meanwhile, Trump’s support rate for winning the U.S. Presidential election on the prediction market Polymarket reached an all-time high of 70%. Joe Biden’s rate is currently only 16%, showing Trump’s overwhelming support among crypto voters.
In recent times, Donald Trump’s campaign has focused on crypto as one of its key strategies to attract American voters. His crypto-related activities include:
- Interacting with his NFT community;
- Accepting campaign donations in crypto (though not receiving many);
- Making statements that if elected, he would bring crypto back to America, removing barriers for businesses and especially the crypto mining industry;
- Declaring himself the “crypto President,” gaining support from industry figures like the Winklevoss billionaire twins and Kraken CEO Jesse Powell.
However, some believe Trump is merely using crypto as a political card. BitMEX founder Arthur Hayes recently published a blog post suggesting Trump will not truly fulfill his crypto promises made during the campaign.